Gday Guys. How you are guys doing?
Today let's analyze XAUUSD (GOLD)
Based on the current price movement, GOLD was in sideway for 7days. I strongly believe this waiting for a huge breakout. Most likely, this pair going to wait for NFP on July 2, 2021.
We might see sideway until Friday. Until then, we have two options of price movement. As a trader, I normally avoid this kind of condition.
I will be waiting for exact confirmation before jump in into the trade. But based on gold character and bigger timeframe. 65% possibility price will push up to 1868.99. This will complete the market structure. From here we only looking for the next setup.
Based on human behavior towards the market, this pair actually looking for a Double Top. Unless NFP data will change the game.
Let's see what happens next.
Today let's analyze XAUUSD (GOLD)
Based on the current price movement, GOLD was in sideway for 7days. I strongly believe this waiting for a huge breakout. Most likely, this pair going to wait for NFP on July 2, 2021.
We might see sideway until Friday. Until then, we have two options of price movement. As a trader, I normally avoid this kind of condition.
I will be waiting for exact confirmation before jump in into the trade. But based on gold character and bigger timeframe. 65% possibility price will push up to 1868.99. This will complete the market structure. From here we only looking for the next setup.
Based on human behavior towards the market, this pair actually looking for a Double Top. Unless NFP data will change the game.
Let's see what happens next.
Note
Still Inside Sideway zone
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.