XAUUSD 6/8/23
XU looking the same as our other USD pairs with a clear news range in play from Friday, we also swept out our session lows which again is a mirror of our other USD pairs as it should be.
now as a whole iam not liking the way these news ranges sit, we all know that the markets are looking for a large move to correct the last few weeks of one sided moves, so lets keep our fundamental elements in the from of our minds heading into this week.
mainly we know that we want to see a bullish move higher here but of course we can track this to find our best entry zone, how we open up today will tell us a lot about how we can expect these moves to play out!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
now as a whole iam not liking the way these news ranges sit, we all know that the markets are looking for a large move to correct the last few weeks of one sided moves, so lets keep our fundamental elements in the from of our minds heading into this week.
mainly we know that we want to see a bullish move higher here but of course we can track this to find our best entry zone, how we open up today will tell us a lot about how we can expect these moves to play out!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
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