XAU/USD: Strong fall but not convinced
What Excites Me
I'm anticipating a big pull back (see my last post for details)
to happen for Gold, but S/D, and volume analysis suggests
that there could be a better entry on the horizon!
What I'm Looking For
I would be willing to short if I could get in from $2400 upwards.
I would also be willing to reassess things if the market made a lower low.
But as for now, I'm expecting a strong demand at this current price.
What I See
As for now, I think it's best to stay out of the market; personallyI haven't seen enough to suggest that the long term move, I'm anticipating is playing out, currently. 🤷🏽♂️
I've included to best case scenario's on the chart.
We'll see how things play out.
This post idea builds upon the original analysis that peaked my interest about this market:
https://www.tradingview.com/chart/XAUUSD/qHZMZ65T-XAU-Short/
I'm anticipating a big pull back (see my last post for details)
to happen for Gold, but S/D, and volume analysis suggests
that there could be a better entry on the horizon!
What I'm Looking For
I would be willing to short if I could get in from $2400 upwards.
I would also be willing to reassess things if the market made a lower low.
But as for now, I'm expecting a strong demand at this current price.
What I See
As for now, I think it's best to stay out of the market; personallyI haven't seen enough to suggest that the long term move, I'm anticipating is playing out, currently. 🤷🏽♂️
I've included to best case scenario's on the chart.
We'll see how things play out.
This post idea builds upon the original analysis that peaked my interest about this market:
https://www.tradingview.com/chart/XAUUSD/qHZMZ65T-XAU-Short/
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