XAUUSD Trading Plan next week
Gold Prices have been ranging for 2 months now, and think we are coming to an end of this range cycle soon.
The recent price movements last week lead me to believe that we are on the path of taking out Nov 2011 high around 1803USD.
Ideal entry would be in the mid-1720s again for a stop below 1713.
If shorting is your plan, I wouldn't recommend doing that before a bearish pattern presents itself again at the 1720-1750 range again.
I'll keep you updated through the week
The recent price movements last week lead me to believe that we are on the path of taking out Nov 2011 high around 1803USD.
Ideal entry would be in the mid-1720s again for a stop below 1713.
If shorting is your plan, I wouldn't recommend doing that before a bearish pattern presents itself again at the 1720-1750 range again.
I'll keep you updated through the week
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.