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XAUUSD Updated!Hi Traders, here is the full Update Analysis / Breakdown for XAUUSD . Keep this pair on your watch-list. Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! 5.Always Be reactive & Not Predictive ! A like and a comment will create more Free Analysis & Forex Education. Your Support is Appreciated! See You in the next Educational Video / Analysis Global Fx Education
SAXO:XAUUSDShort
by Global_Fx
Gold potential hedge playDear Traders, Last week a solid long-trade was taken from the daily trendline bounce, after running around +400 pips in profit we decided to take partial profits and let the rest run with our stoploss at BE around that 1465 area. At this moment, gold is sitting at the daily retracement level .618 and .75 and a third touch trendline, pushing price to the downside and sustaining the short-term daily bear trend. I am personally waiting for one more push higher to test this trendline and stop out early shorts first, after that 4hour price-action is needed to confirm the rejection to the downside and a likely downside target is 1440, which is at daily demand, -0.27 and -0.68 extention. Best regards, The NXFX Team.
OANDA:XAUUSD
by newcapitalfx
1