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XAUUSD 9/9/24XU is still sitting in a clear bullish higher timeframe bias but we have pulled back as we stated last week, the higher timeframe tells us we are going bullish and we have a nice clear pullback after a push to the upside, this now opens things up for a nice push to the next ATH remember we opened up a new demand, so from here bullish is likely! BUT we can drop into the liquid stored at our lows as a lot of retail have their stops placed at closer lows. I am looking for a clear shift bullish or a drop into the lower end liquid then to see price run to the new ATH! Trade your plan and stick to your risk!
OANDA:XAUUSD
by rosshayes
XAUUSD 29/10/23XU is for us a pretty easy one we have a strong fundamental driver for gold at the moment so we wont be aiming for any shorts on this. overall we sit within huge bullish range so trend is already telling us the direction it wants to go. keep it simple and watch out for updates on any conflicts. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes