IM BASING THIS BIAS OFF THE LAST SUPPORT LINE A FEW DAYS AGO at 1472.77,
the true range indicator is showing overbuying, due to recent volatility it pushed the price long but price seemed to correct instantly forming a falling flag.
i think XAU/USD wants to be bullish ... :/ but for the time being i will take a bearish position then next week i will look for longs on this currency pair.
I AM waiting for the next usd news to come, im thinking this will take my trade all the way home to t.p...
due to how this currency is reacting to recent news im going short on this....
Only one way to find out! =}
the true range indicator is showing overbuying, due to recent volatility it pushed the price long but price seemed to correct instantly forming a falling flag.
i think XAU/USD wants to be bullish ... :/ but for the time being i will take a bearish position then next week i will look for longs on this currency pair.
I AM waiting for the next usd news to come, im thinking this will take my trade all the way home to t.p...
due to how this currency is reacting to recent news im going short on this....
Only one way to find out! =}