Technically the trend must've show reaction to the support and the two resistence ahead, this is my out look up until Tuesday!
As it is obvious, two trendlines are crossing each other and the upcoming candles' behaviour is vague af!
As it is obvious, two trendlines are crossing each other and the upcoming candles' behaviour is vague af!
Trade active:
After the nfp news, which broke on friday, gold sharply descended to nearly 1916 but shadowed in the 4 hours chart of XAUUSD. However, the trend is sorta back on track again and the possibilities for ascending trend is quite bullish and long position is recommended. Despite my forecast and position strategy the risk is still high and the real movement of the candles will be determined after the Monday candle is done.
Cheers!
Cheers!
