fundamental bias on XAUUSD gold.
as we know today we have CPI news and we expect some huge moves on major currencies and also for gold,
previous NFP news formed a bullish move on gold because of USD weakening, so from the technical views, we expect a pull back on higher time frames on gold ( maybe daily ) and reject 1800:1802 area for a bullish continual move,
today with CPI news, if Dollar gets stronger, ( something we 70% sure about) we expect a single bearish move on XAUUSD and as you see a safe potential of sells is showed on chart below 1813; if candle closes bearish under 1813 i search for a sell entry around there.
2- a harmonic pattern is showing up and as you see the angle degrees are :
0.857
0.217
0.61 = exact Fibonacci Percentage ( one exact Fibonacci shows the harmonic pattern is working properly )
5.789 = because of small reversal after bearish harmonic
technically we can expect a bearish move also by harmonic patterns strategy.
3. we may have some liquidity grab before news around 1818-1822 , we expect the bearish candle closure before entering this trade.
bigger image with less data
if CPI make USD weaker, i dont trade buys on gold.
check previous analyse down
as we know today we have CPI news and we expect some huge moves on major currencies and also for gold,
previous NFP news formed a bullish move on gold because of USD weakening, so from the technical views, we expect a pull back on higher time frames on gold ( maybe daily ) and reject 1800:1802 area for a bullish continual move,
today with CPI news, if Dollar gets stronger, ( something we 70% sure about) we expect a single bearish move on XAUUSD and as you see a safe potential of sells is showed on chart below 1813; if candle closes bearish under 1813 i search for a sell entry around there.
2- a harmonic pattern is showing up and as you see the angle degrees are :
0.857
0.217
0.61 = exact Fibonacci Percentage ( one exact Fibonacci shows the harmonic pattern is working properly )
5.789 = because of small reversal after bearish harmonic
technically we can expect a bearish move also by harmonic patterns strategy.
3. we may have some liquidity grab before news around 1818-1822 , we expect the bearish candle closure before entering this trade.
bigger image with less data
if CPI make USD weaker, i dont trade buys on gold.
check previous analyse down
