G'day, guys. TGIF
Today we going to analyse GOLD (XAUUSD). TBH this one of my fav pair which is it capable to generate huge profit but high risk.
This analysis is based on current market conditions which are I have to make some trading updates. Generally, this pair heading on a downtrend conslidation. In my perspective, time for me to wait for further confirmation before opening any position. Remember, trading is about minimizing risk and maximizing profit.
I have clearly seen that the 1768.46 price tag was the nearest resistance level. If these pairs continue to forming deep correction, we expecting a solid break out of this resistance level otherwise we maintain neutral on this stage. There will be 2 possible movements as shown on the chart itself.
Let's see what happens next. "Dance with the Market" Cheers
Today we going to analyse GOLD (XAUUSD). TBH this one of my fav pair which is it capable to generate huge profit but high risk.
This analysis is based on current market conditions which are I have to make some trading updates. Generally, this pair heading on a downtrend conslidation. In my perspective, time for me to wait for further confirmation before opening any position. Remember, trading is about minimizing risk and maximizing profit.
I have clearly seen that the 1768.46 price tag was the nearest resistance level. If these pairs continue to forming deep correction, we expecting a solid break out of this resistance level otherwise we maintain neutral on this stage. There will be 2 possible movements as shown on the chart itself.
Let's see what happens next. "Dance with the Market" Cheers
