XAUUSD - ANALYSIS
As we look at gold this week i have marked out two directions based on probabilities of the market going up or down.
simple strategy - BREAK, RETEST & ENTER.
want to see if price is going to respect the downward channel, if price does break back down into the channel, we will be waiting for a retest back onto the line before i look at taking any short positions.
if price does not break back into the channel and simply bounces back off of this line then we will be looking at a buy towards 1297.000 level.
this week we will be intraday trading gold, end of week we will review what the market has done.
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simple strategy - BREAK, RETEST & ENTER.
want to see if price is going to respect the downward channel, if price does break back down into the channel, we will be waiting for a retest back onto the line before i look at taking any short positions.
if price does not break back into the channel and simply bounces back off of this line then we will be looking at a buy towards 1297.000 level.
this week we will be intraday trading gold, end of week we will review what the market has done.
Follow us on our social media platforms,
Youtube - Learnitempire ( LIKE FOLLOW SHARE & SUBSCRIBE)
Instagram- Learnitempire
Private Instagram - Vellly
Comment #Tradingview on any of our platforms and we will give a weeks free set ups for life!
Because Everyday Is Money Day
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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.