Hello Traders ! 👋🏾
Hope you had an awesome weekend 🍾
Who else is excited for the next trading week ? 🎉
Don’t forget to follow our profile so you get notified every time we post 🙋🏾♂️
So this trade was based on trends and key levels.👀
Gold is currently trading in a very interesting level, where we migh have a very nice pullback.
Gold is now trading again on its May to Jully previous support.
After breaking that resistance on April, that value started to act as support, and after multiple re-tests, the pair failed to break to the downside again.
We are now again in that same area, and once again, the pair didn't managed to break to the downside so far.
We might have a couple more attemps, but we trully belive that XAU is exhausted and oversold again, so a pullback is needed.
I've marked my profit targets which we will be adjusting during its course.
I don't use a lot of indicators, because I like to keep it simple !
The price can only go up or down, there is no other option, so keeping things simple its ALWAYS the best option !
Feel free to use this trade as your own and don't forget to share with us your feedback ! 🙏🏾🙇🏾♂️
Have a nice trading week guys !
Hope you had an awesome weekend 🍾
Who else is excited for the next trading week ? 🎉
Don’t forget to follow our profile so you get notified every time we post 🙋🏾♂️
So this trade was based on trends and key levels.👀
Gold is currently trading in a very interesting level, where we migh have a very nice pullback.
Gold is now trading again on its May to Jully previous support.
After breaking that resistance on April, that value started to act as support, and after multiple re-tests, the pair failed to break to the downside again.
We are now again in that same area, and once again, the pair didn't managed to break to the downside so far.
We might have a couple more attemps, but we trully belive that XAU is exhausted and oversold again, so a pullback is needed.
I've marked my profit targets which we will be adjusting during its course.
I don't use a lot of indicators, because I like to keep it simple !
The price can only go up or down, there is no other option, so keeping things simple its ALWAYS the best option !
Feel free to use this trade as your own and don't forget to share with us your feedback ! 🙏🏾🙇🏾♂️
Have a nice trading week guys !
