Xau/Usd

Aug 4, 2024

Xau/Usd - Who's ready to make some money this week . Pay close attention to gold this week . Overall I am bullish on gold but we have to take into consideration that we are at a weekly supply zone so we can expect some bearish momentum beginning of the week . My overall bullish target is the 0.27 fib level 2535 but before we hit that zone we need a pull back to enter longs . On the 1 hour I would look for a potential short position and our TP will be the 4hour 0.618 - 0.786 fib level . Lets see how the market opens and we go from there . Remember I can say this could happen but we adapt to the market everyday and things can change .



Weekly :

Daily :

4 Hour :

1 Hour :

Aug 6, 2024

Trade closed: target reached

1 Hour :

TP HIT