XAU/USD Trading | Where to In/De-vest. for OANDA:XAUUSD by WillSebastian

XAU/USD Trading | Where to In/De-vest.

XAUUSD has fallen on improved Dollar sentiment. This is the same for the SPX right now.

This also represents a Risk off environment, and can lead to further Gold falls.

Therefore, we need to look at entries and exits on either side of the market and sentiment changes that may push/pull it.

Note

Going Into Mon - Longs preferred much lower, Support in the way. Still happy to wait.

Note

Still no longside market reaction - would not be surprised if markets trickle further pre news inflow tomorrow.

Note

Exit for gains as per previous plans

Note

Update:

Note

Price still on its way lower (risk off, opposite of gold traditionally).

Looking still lower circa 2320.

Note

XAUUSD - Understanding How And Why Markets Form Like This..

WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Also on:

Related publications

XAU|USD Fall Coming At Local Highs?

by WillSebastian

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.