Gold, Xau/Usd Long.
Gold was my star performer last week and seems to be on par to don=ing it again this week.
I'm very bullish on Gold because of the way it reacted at my anticipated buying zone last week, it bounced off strongly from the level I highlighted with the arrow and went to break market structure.
I'm anticipating momentum to the upside right from the open but we could see a retracement on Monday then only see the move taking off on Tuesday. My overall bias is bullish but I'll stalk smaller timeframes for my entry and hold until we hit the anticipated target.
Check your weekly calendar, we have a lot of high volatility news coming out on Wednesday for the dollar so they might even decide to hold it and consolidate until Wednesday and use the news as a catalyst to move it aggressively then.
Let's wait & see.
I'm very bullish on Gold because of the way it reacted at my anticipated buying zone last week, it bounced off strongly from the level I highlighted with the arrow and went to break market structure.
I'm anticipating momentum to the upside right from the open but we could see a retracement on Monday then only see the move taking off on Tuesday. My overall bias is bullish but I'll stalk smaller timeframes for my entry and hold until we hit the anticipated target.
Check your weekly calendar, we have a lot of high volatility news coming out on Wednesday for the dollar so they might even decide to hold it and consolidate until Wednesday and use the news as a catalyst to move it aggressively then.
Let's wait & see.
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