#MRMD!!! THE IMPORTANCE OF BIGGER TIME FRAMES! XAU FALLS?
Yesterday, I suggested 2 scenarios for the price which you can follow in the post mentioned below this one.
Today, I want to check the daily candles and see what proof are there to predict the price.
I have to say that there is more chance for the price to fall than to rise. Today is the NFP day so be careful with that. Some experienced traders say they simply don't trade in NFP days, but for those who seek profit in risky hours I suggest the break of 1780$ is a strong signal for bears in the market.
1750$ and 1730$ would be fair targets for the next week.
Stay alert that the MACD is showing us a sell opportunity as it jus crossed downward.
Follow and Share your ideas and comments bellow, please. Let's see where the price taking us.
Today, I want to check the daily candles and see what proof are there to predict the price.
I have to say that there is more chance for the price to fall than to rise. Today is the NFP day so be careful with that. Some experienced traders say they simply don't trade in NFP days, but for those who seek profit in risky hours I suggest the break of 1780$ is a strong signal for bears in the market.
1750$ and 1730$ would be fair targets for the next week.
Stay alert that the MACD is showing us a sell opportunity as it jus crossed downward.
Follow and Share your ideas and comments bellow, please. Let's see where the price taking us.
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