XAUUSD -Price Action
-Historical Data
-Trump Inauguration
-DXY pushing for highs
Technical Analysis
-Price spent all day on 17/01/2025 trying to break above 2716-2719 levels
-Price then retraced to 2703 for liquidity to attempt another break of highs. FAILED
-Price created triple tops on 5m TF
-Mega dump on the 4H tapping into 2699 as lows with closures just above 2700 for the week
Fundamental Analysis
-War cease fire as Trump swearing in is due
-Trump inauguration
-MAKE AMERICA GREAT AGAIN
-DXY is rallying to the upside with price finding support on 17/01/2025
Trade active
Currently running +600pips between 2 TradesEntrances on 2724 and 2716
Will monitor market open
Trade closed: target reached
target 1 reached 2690.38currently monitoring higher tf
closures above 2706 i will close full on both positions
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.
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.