Good day Tradingview,
Great possibility on XAUUSD , minimal risk, major reward - However, do remember, patience is a virtue.
As we approach NFP week, it's advised to be cautious as we would want to only go long after our desired, further push down, to 1690.00 and possibly even to the greater 1650.00 region. Additionally, fundamentals are required to tally with our technical analysis . In which case we'd seek buy limit orders, should those prices fail to reach - we would opt for market execution based on bullish confirmations and HL's. Resulting in placing of buy stops above between 1700.00 - 1750.00, and executing on pull backs all the way to the upside.
Bullish flag confirmation resting on a monthly support and demand zone ticks the boxes - Essentially, we're just awaiting fundamentals to fall into place.
Consider this trade opportunity a marathon , not a sprint . I foresee a buy bias for the future. Gold, as well as crypto will be continue to act as safe havens in these trying times of the Global economy.
Updates to follow.
Great possibility on XAUUSD , minimal risk, major reward - However, do remember, patience is a virtue.
As we approach NFP week, it's advised to be cautious as we would want to only go long after our desired, further push down, to 1690.00 and possibly even to the greater 1650.00 region. Additionally, fundamentals are required to tally with our technical analysis . In which case we'd seek buy limit orders, should those prices fail to reach - we would opt for market execution based on bullish confirmations and HL's. Resulting in placing of buy stops above between 1700.00 - 1750.00, and executing on pull backs all the way to the upside.
Bullish flag confirmation resting on a monthly support and demand zone ticks the boxes - Essentially, we're just awaiting fundamentals to fall into place.
Consider this trade opportunity a marathon , not a sprint . I foresee a buy bias for the future. Gold, as well as crypto will be continue to act as safe havens in these trying times of the Global economy.
Updates to follow.
Note
Like clockwork... Sell off brewing, moving us closer to our buy zone!
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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.