as you can see in my chart, I'm prefer to take short on xau, but still waiting for a good moment, so, now I'm waiting for price to reach my marked supply area and waiting for the reaction before take SHORT entry... have a great day mate...
there is potential for price to break this low to sweeps out the liquidity before bounce back to suppy area
after inflation data released, gold likely still on bullish sentiment, so this is my perspective setup to buy gold to their supply area around 2058
as we can see, the price has been touch golden zone of fibonacci at 61.80, and it has broke the EMA 17 line too.. the price should be coming down at least to 1768.00 zone.. this is only my perspective.. take your own risk..
Since the price has broke my Daily Trendline, I think gold should be on bearish trend right now. and this is my perspective, if the 4H candle not close above 1866.570, it could be going down again to 1845.000 area. let's see
price has been touch the very strong weekly resistance area, maybe it will make some spike before begin to go down. I'd rather to wait the daily candle close, and make sure it will not close above 1.98200. my target is about 140 pip, according to the fixed range volume indicator..
as we can see, the price has struggled at important zone and touched the 78,6 fibo line at once.. so we can indicates the price will go down towards to -27,2 fib line.. it's only my perspective, do your own risk!
price has bounced several times at strong important zone, and the trend is still in a bullish pattern, as you can see in the my chart, this potential moves will touch at least on 61,8 fibb line before it's continue moves up or going to pullback. this is only my perspective analysis, take ur own risk!!
the price has broken the descending channel and close above the EMA 17, so it has potential to move up to the first resistance zone. always put Break Even Point whe you get at least 50 pip on profit.