Gold- Buy dips is my strategy
In my yesterday's post, I was wondering if XauUsd has bottomed.
And the price action from yesterday, after CPI, suggests it has...
Looking at the daily posted chart things look pretty clear with a strong reversal after the false break under 1945-1950 zone support.
Also, if we add together Monday's candle with yesterday's one, we have a very strong bullish engulfing (or, more clearly, a morning star formed with Friday's candle).
In conclusion, I'm looking to buy dips and I will remain bullish as long as the price stays above yesterday's spike low.
And the price action from yesterday, after CPI, suggests it has...
Looking at the daily posted chart things look pretty clear with a strong reversal after the false break under 1945-1950 zone support.
Also, if we add together Monday's candle with yesterday's one, we have a very strong bullish engulfing (or, more clearly, a morning star formed with Friday's candle).
In conclusion, I'm looking to buy dips and I will remain bullish as long as the price stays above yesterday's spike low.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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