XAUUSD trade idea
Updated
Overextended bullish leg has been formed. We have broken below internal supply at 2258 and have retested this supply now being the new internal demand. Will we see a further push down from this level? Risk management is key!
Note
Big potential bearish moves today on gold as NFP looms around... 2300 taken out bulls are overextended/ overbought, keep that in mind. It just wouldn't make much sense for price to go further than 2300 although anything can happen.
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.