XAUUSD UPDATE
Updated
Hi all
Gold has risen to a high of 2067 and has broken through weekly resistance to set a new low of 1982.9 before retracing 50% of the previous week's gains. As a result, last week closed at 1885.5 and broke previous low resistance at 1892.9.
This week, I'll be watching for price activity and rejection at 50% or 61.8% before choosing whether to enter the market.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Gold has risen to a high of 2067 and has broken through weekly resistance to set a new low of 1982.9 before retracing 50% of the previous week's gains. As a result, last week closed at 1885.5 and broke previous low resistance at 1892.9.
This week, I'll be watching for price activity and rejection at 50% or 61.8% before choosing whether to enter the market.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Note
daily
Note
Can it break through the resistance?
Note
B+100Note
partial close at wave B
**WAIT FOR PRICE ACTION TO SHORT**
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