XAUUSD WEEKLY UPDATE
Updated
HI
fundamental still same
Following the breakout of weekly support at 1893.070, the price rallied and tested daily resistance, which it failed to break for three days.
So, this week, I'd like to see if the price can break through the daily resistance to form a new resistance level and decline toward US CPI data and the FOMC meeting.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
fundamental still same
Following the breakout of weekly support at 1893.070, the price rallied and tested daily resistance, which it failed to break for three days.
So, this week, I'd like to see if the price can break through the daily resistance to form a new resistance level and decline toward US CPI data and the FOMC meeting.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Note
DAILYgood luck
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After four days of rejection at daily resistance, the price has broken through sideways support on the h4 chart and is moving back to previous resistance. I'd like to see price break low.
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approaching wave 1
short be +100
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quasimodo pattern
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next trade plan
Trade closed manually
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Note
I only trade intraday because there will be major news this week. I'm still leaning towards the strong dollar this week in favor of the CPI and the FOMC.
So far, the price has rejected the level I want it to be at. However, I would like to see the price breach 1920 before shorting at 1926 and setting my stop loss if the price closes above 1934. my target 1900
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