Hey yall its me again
This is my analysis on gold for the coming week
The market is forming the Ending Diagonal, but it's not ready yet.
⠀
I recommend waiting for a bounce from the upper boundary. If after that the market is able to break the lower boundary of the channel, I will consider the short trade, as the risk will be limited by the structure.
⠀
This does not mean that you should sell right now, it means that if you have a trading plan, I recommend you to pay attention to XAUUSD structure.
This is my analysis on gold for the coming week
The market is forming the Ending Diagonal, but it's not ready yet.
⠀
I recommend waiting for a bounce from the upper boundary. If after that the market is able to break the lower boundary of the channel, I will consider the short trade, as the risk will be limited by the structure.
⠀
This does not mean that you should sell right now, it means that if you have a trading plan, I recommend you to pay attention to XAUUSD structure.