XAUUSD Outlook 8/7/23 Very strange! 🙃
Good evening gold gang .. hope youre all well. What a strange day for price!! No trades taken for the gold gang apart from a small scalp for myself that was high risk.
Why is price behaving so weird? I believe its because both gold and dxy are both at very important price levels, as per my strategy, and are accumulating orders here ready to enter the final quarter .. we have strange consolidation around this level with price seemingly stuck .. even with news today
no news tomorrow either, so lets see if we can get out of it!!
buys sells and reversal on the charts .. hopefully we will finish the week strong as it has been quite uneventful this week .. albeit profitable!! so far lol
hit the follow and like button to join the gold gang!!
catch you in london
tommy
Why is price behaving so weird? I believe its because both gold and dxy are both at very important price levels, as per my strategy, and are accumulating orders here ready to enter the final quarter .. we have strange consolidation around this level with price seemingly stuck .. even with news today
no news tomorrow either, so lets see if we can get out of it!!
buys sells and reversal on the charts .. hopefully we will finish the week strong as it has been quite uneventful this week .. albeit profitable!! so far lol
hit the follow and like button to join the gold gang!!
catch you in london
tommy
Comment:
Id like to see this zone reacted to and a break above to take buys
