GOLD might be finally getting tired
GOLD.
XAU.
That's a pretty much straight forward pair, always. After getting energy around that range of the beginning of the cycle, full of orders, GOLD gave multiples tries to the upside and managed to hit the 1400 level. Wow.
Now, after reaching it and a powerful Bull takeover, we MAY face some downward movement, specially after 3 daily highs not being able to reach the High of the Year.
We may face some strong movement up and down to consolidate the psychological level (black line) but we can try trading it down as well. Let's watch the exhaustion happening.
Fundamentally speaking, the pair is probably a little bit high as price, since trade war is cooling and we are not facing any bad threat now. Well, let's watch the dollar also.
Entries for Scalp and Day trade + entry for the Swing trade.
Force.
XAU.
That's a pretty much straight forward pair, always. After getting energy around that range of the beginning of the cycle, full of orders, GOLD gave multiples tries to the upside and managed to hit the 1400 level. Wow.
Now, after reaching it and a powerful Bull takeover, we MAY face some downward movement, specially after 3 daily highs not being able to reach the High of the Year.
We may face some strong movement up and down to consolidate the psychological level (black line) but we can try trading it down as well. Let's watch the exhaustion happening.
Fundamentally speaking, the pair is probably a little bit high as price, since trade war is cooling and we are not facing any bad threat now. Well, let's watch the dollar also.
Entries for Scalp and Day trade + entry for the Swing trade.
Force.
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