XAUUSD - UPSIDE
This commodity has been showing healthy upside in the recent weeks / months due to the global uncertainty starting to affect the dollar.
I recon we still have room for further upside as we managed to produce a higher high and break through the current resistance.
Make sure you take profit at 1500, as we will likely see a huge drop downwards after that point.
SL is large, because it is best to include 100 SMA aswell as 50 SMA whilst we try to break through resistance.
I recon we still have room for further upside as we managed to produce a higher high and break through the current resistance.
Make sure you take profit at 1500, as we will likely see a huge drop downwards after that point.
SL is large, because it is best to include 100 SMA aswell as 50 SMA whilst we try to break through resistance.
Note
Interesting turn out with the interest rate cut yesterday, trade is still live and active, absorbed by the high time frame analysis.
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.
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.