G'day Trader.
Today we going to analyse GOLD (XAUUSD)
This analysis is based on current market conditions which are derived from the previous analysis. Current market conditions are sideways in a 4 Hour Time Frame, we expecting a huge break out happening as the market currently accumulating trading volume before making any movement.
There possibility current market condition due to FOMC next meeting release, as everyone knows GOLD movement is mostly affected by the US interest rate. You may read about it how Interest rate related with GOLD. Technically, we are waiting for the next movement which is an unclear pathway build up on Gold. Personally, I prefered natural on this pair as I am not a scalper trader. I prefer on Intraday and swing trading approach to adopt the risk-based on my own risk tolerance.
Let's see what happens next. "Dance with the Market" Cheers
Today we going to analyse GOLD (XAUUSD)
This analysis is based on current market conditions which are derived from the previous analysis. Current market conditions are sideways in a 4 Hour Time Frame, we expecting a huge break out happening as the market currently accumulating trading volume before making any movement.
There possibility current market condition due to FOMC next meeting release, as everyone knows GOLD movement is mostly affected by the US interest rate. You may read about it how Interest rate related with GOLD. Technically, we are waiting for the next movement which is an unclear pathway build up on Gold. Personally, I prefered natural on this pair as I am not a scalper trader. I prefer on Intraday and swing trading approach to adopt the risk-based on my own risk tolerance.
Let's see what happens next. "Dance with the Market" Cheers