Short-term upward momentum to long-term short on XAUUSD
Updated
In this ICT/RajaBanks inspired tech analysis I bring you this, as I see it: if the price breaks above the zone on H1, there could be a bigger pullback to fill the gap on daily, take out buyside liquidity and then continue down because we have loads of confirmations there (-dOB, D & H4 FVGs, OTE on daily fib). We also did close bearish on weekly below the support a
XAUUSDnd monthly has still room to go down below 1620 or even 1575-ish. Plus with FED raising rates next week...
This is not a financial advice peeps!
XAUUSDnd monthly has still room to go down below 1620 or even 1575-ish. Plus with FED raising rates next week...This is not a financial advice peeps!
Note
Price never gave us premium price on HTF but considering overall bearish status we did have plenty of opportunities to get in short. Weekly target almost reached.Note
Took some nice sells and also some BEs and losses. Anyway, profit was made, weekly target hit on wednesday so lets sit back and look what gold has to offer us for the rest of the week...
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.