XAU/USD: Strong fall but not convinced
What Excites Me
I'm anticipating a big pull back (see my last post for details)
to happen for Gold, but S/D, and volume analysis suggests
that there could be a better entry on the horizon!
What I'm Looking For
I would be willing to short if I could get in from $2400 upwards.
I would also be willing to reassess things if the market made a lower low.
But as for now, I'm expecting a strong demand at this current price.
What I See
As for now, I think it's best to stay out of the market; personallyI haven't seen enough to suggest that the long term move, I'm anticipating is playing out, currently. 🤷🏽♂️
I've included to best case scenario's on the chart.
We'll see how things play out.
This post idea builds upon the original analysis that peaked my interest about this market:
https://www.tradingview.com/chart/XAUUSD/qHZMZ65T-XAU-Short/
I'm anticipating a big pull back (see my last post for details)
to happen for Gold, but S/D, and volume analysis suggests
that there could be a better entry on the horizon!
What I'm Looking For
I would be willing to short if I could get in from $2400 upwards.
I would also be willing to reassess things if the market made a lower low.
But as for now, I'm expecting a strong demand at this current price.
What I See
As for now, I think it's best to stay out of the market; personallyI haven't seen enough to suggest that the long term move, I'm anticipating is playing out, currently. 🤷🏽♂️
I've included to best case scenario's on the chart.
We'll see how things play out.
This post idea builds upon the original analysis that peaked my interest about this market:
https://www.tradingview.com/chart/XAUUSD/qHZMZ65T-XAU-Short/
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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.
Related publications
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.