Hello Traders, Here's my view on XAUUSD so far!! Trade Wisely
as we see previously gold is in consolidation it just makes a new impulse move and now having 1hr correction I'm anticipating that gold will make the next big move to upside for me gold is a buy on Monday big move will be made for today I'm not expecting it to break this consolidation.
Buy 📈 buy opportunity 1728 price target, minor retracement 💰 use risk management when trading ⚠️
Now a back test, and next week gold go top the upside. Realy strong support and good opportunity 4H 1H Fiby Retracement.
PS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
We had a lower shorting potential this week but the market did not go up. The COT shorting potential is a very qualitative value for predicting the market direction of the upcoming week. It depends on the relation to the last value. The so called shorting potential is again the second time lower and the commercials are stocking up their long positions....