After getting rejected twice to the downside, it seems to be stable and it will be going in a bullish move for sometime. It has strong support zone. What do you think?
This is not a signal but an idea I have on GOLD History repeats itself so careful on when you enter the trade. Happy trading
- History repeats itself As you can see that the market is forming a pattern which is likely that it will be short for a while until the market decides which direction to move the price into. I am currently short on USDJPY and long on XAUUSD. Goodluck to those who are going to be trading this USDJPY pair for this week as the market is going to be very volatile.
Gold is going up, US election and Vaccine affected the market big time. If the vaccine is released to the public soon then gold will keep dropping else it will move in up direction. Like if you agree with my idea.
WAITING ON A CONFIRMATION CANDLE FROM 1922 THEN WE CAN PLACE OUR SELL OR BUY TRADE STAY TUNED!
Keep your risk management in place and wait on the market as anything can happen during this time it had a strong sell for the past few days but I believe it will go up to correct its level. Just an idea :)