2020-10-12 XAUUSD Outlook
This morning during NY Session, a small ranged zone formed allowing excellent scalping opportunities. The current holiday halted momentum leaving price in a consolidation block that has yet to break.
I'm personally bullish on this break. I would like to see us test the daily green at ~1916 and then move to break the previous high and test at the weekly.
My bearish scenario would be failing through ~1916, failing to come back up and riding price down to ~1898.
Please give me a follow and leave a comment below if you agree or have any insight!
I'm personally bullish on this break. I would like to see us test the daily green at ~1916 and then move to break the previous high and test at the weekly.
My bearish scenario would be failing through ~1916, failing to come back up and riding price down to ~1898.
Please give me a follow and leave a comment below if you agree or have any insight!
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.