XAUUSD (Gold) - Strong Rejection at 1790 As Planned, What's Next
Hi Traders. Last Friday (5th August) most of the pairs have some major volatility swing due to NFP releases, so what are we going to do now?
As gold reject 1790 very strongly, but looking at the daily close, it does not seem like sellers are ready to take over yet.
In fact, I will be observing some minor level closely, and see if Gold would start forming higher low squeezes back towards 1790.
Another good value area to observe is 1756, which is the previous minor support level.
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Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
As gold reject 1790 very strongly, but looking at the daily close, it does not seem like sellers are ready to take over yet.
In fact, I will be observing some minor level closely, and see if Gold would start forming higher low squeezes back towards 1790.
Another good value area to observe is 1756, which is the previous minor support level.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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