XAUUSD/GOLD SMT ANALYSIS
Updated
Hello Gold/Xau Traders, Nothing is burger here!, I'm explaining the every zone for possible moves on 
GOLD / XAUUSD next week.
This is only my view, the pattern looks familiar if you like pattern trading. if you get it. then trade it.
I'm expecting 1948-1950 for small retracements.
As I said on my previous idea, I commented 2070$ would be the top, but for smart money it must be
testing its 4h and 1h candle for transfer.
After the moves on the upside at 2085-2088$ I'm expecting to retrace back to new daily support at 2060$. before we can go higher to our 1hr SMT @2118-2120$.
For charts see the pattern I made,
This is only my understanding. I'm not thinking other possible moves, but if you're a trader here please trade at your own risk, this is not a signal, preferred numbers or zone being said is just my observations.
Reminder : use stop loss for better trading
This is not a financial advice.
Follow for more.
Lets see. if price goes below 2048-2020 this idea not valid.
GOLD / XAUUSD next week. This is only my view, the pattern looks familiar if you like pattern trading. if you get it. then trade it.
I'm expecting 1948-1950 for small retracements.
As I said on my previous idea, I commented 2070$ would be the top, but for smart money it must be
testing its 4h and 1h candle for transfer.
After the moves on the upside at 2085-2088$ I'm expecting to retrace back to new daily support at 2060$. before we can go higher to our 1hr SMT @2118-2120$.
For charts see the pattern I made,
This is only my understanding. I'm not thinking other possible moves, but if you're a trader here please trade at your own risk, this is not a signal, preferred numbers or zone being said is just my observations.
Reminder : use stop loss for better trading
This is not a financial advice.
Follow for more.
Lets see. if price goes below 2048-2020 this idea not valid.
Note
price retrace only 2050, then shoot to 2088. we might see the hourly 2120 smt?or there is some retracements at 2060 again, 2059-2060 is the daily sellers. im expecting retracements on that zone. congrats and keep me posted. I will update the chart if price goes to 2120 hourly. this is only my view. trade at your own risk.
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