We can see that XAUUSD
is overall in a bearish trend
at the moment after a few days of downwards movement but we are expecting to have a slight pullback before price carries on making moves to the downside, this pullback is currently happening at the moment and we are expecting a further bullish
move of around 40-50 pips before price carries on going down.
Now only use this analysis if it lines up with your own, after all you wouldn't let someone sleep with your wife just because they said they would pay you £1000 would you? even though I would pay them £1000 to keep my wife ;p
We have some high impact
USD news in the next few days so just be careful.