The Big Swing Update #3 The Great Battle

OANDA:XAUUSD   Gold Spot / U.S. Dollar
So the time draws near, Day by day we get closer to our targets touching them 1 by 1. After some bearish pressure here and there it seems apparent the bears just are not powerful enough for this Alpha Asset. Keeping above 1930/1940 we managed to maintain a back and forwards tug of war consolidating between 1940/1970 but after a rolling 3 day negative impact on the dollar with further impact ahead we can see xau/usd possibly touching 1990 today after the Michigan consumer release otherwise if we cant hold above 1980 today we could possibly see a further consolidation zone until next Friday when the ever famous Non Farm Payroll takes place. It is apparent that the bears can not push and keep below 1930/20 but if so i wouldn't be surprised if 1870 was then in there cross hairs. The Bulls may have won the battle, But have we won the war ? #goldvsbitcoin B1GFUDG3 OUT!

Disclaimer: I am not advising anyone to take my trades nor providing market direction or certainty i am simply sharing my partial analysis and knowledge for you to make your own decisions and analysis. Always do your own analysis and use correct risk management. Much Love. Trade Safe.


Good stuff, I’m in ✅
+2 Reply
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