GOLD THIS WEEK IDEA
G'day Guys.
It's Monday again. How's your guys weekend?
Today we start with Gold. Last week, XAUUSD was achieve high at 1889 area. Which significantly, showing XAUUSD looking for maximum pain level (MPL).
This week, i expecting this gold creating some consolidation or correction area at 1836.60 area to gain momentum if the price looking for double top at 2073 area.
In weekly perspective, this pair almost reaching MPL level which is need to create a correction. From this level, i started looking and positions myself on shorting this pair for 400pips drop. With tight SL.
In hourly perspective, this pair still showing pushing high for Asia Session which is based on experience it will move different direction on London or US Session.
Its still early to projecting this pair, but by checking the fundamental or any n high impact news which is not available today. We expecting this price move those directions.
Let's see what happen next.. Cheers
It's Monday again. How's your guys weekend?
Today we start with Gold. Last week, XAUUSD was achieve high at 1889 area. Which significantly, showing XAUUSD looking for maximum pain level (MPL).
This week, i expecting this gold creating some consolidation or correction area at 1836.60 area to gain momentum if the price looking for double top at 2073 area.
In weekly perspective, this pair almost reaching MPL level which is need to create a correction. From this level, i started looking and positions myself on shorting this pair for 400pips drop. With tight SL.
In hourly perspective, this pair still showing pushing high for Asia Session which is based on experience it will move different direction on London or US Session.
Its still early to projecting this pair, but by checking the fundamental or any n high impact news which is not available today. We expecting this price move those directions.
Let's see what happen next.. Cheers
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