XAUUSD OUTLOOK & ANALYSIS
Discussed supply and demand zones where I expected market to form decent trading setups. However not much to do on this market till we have a significant breakout and close to confirm a direction and trade along side it, on hour 4 we see a symmetrical triangle/pennant like structure in which market is consolidating back and forth and on the day time frame just some really awful looking choppy price action which says quite clearly to keep away from trading this market until further confirmation. Thanks for watching. Please show your support. Give it a thumbs up, Like and comment what your thoughts are down below. Peace out. Happy trading
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.