Xauusd (Gold)
Updated
As we can see on Xauusd gold right now, price getting consolidating in the range. When price does that means market currently accumulating the strength at this zone(0.618 golden ratio of fibonaci. And we do expect there will be some movement getting started from here, either up or down. But I do expect price will start rally from here, Make a retracement at least to previous structure zone 1810-1820. We will not rushing to the trade, since anything could happen from here. I suggest we wait the price show us some confirmation such as rejection from the low 1760 , or big spike and quick retrace back up. And dont forget there is news release on this friday (NFP). As usual i will update anything at below comment section. Always watch out the money management on your capital. If u do like my ideas please push like and follow for further ideas and education. Thank you. Plan the trade, Trade the plan.
Trade active
Price almost hits our entry but it didnt. So we stick to our plan. Buy limit 1767 sl will be at 1757 (100 pips). TP:1810(430 PIPS). 4.3RR. GOODLUCK!
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