T3DD3R

Xau/USD ready to blow off steam?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Based on past analysis the chart shows a good possibility of gold pulling back in these price action points. If I am wrong in this one. Hey. I’m wrong. This trade is moving against the market HOWEVER IT IS THE TRUE MOVEMENT IN MY EYES. The market is bearish as far as gold. But that’s coming from someone that trades on very large time frames. I can easily hold a contract over 60 days. But that’s just me. I hope these two scenarios help you plan for the upcoming correction. As always may the force be with you.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.