FX:XAUUSD   Gold Spot / U.S. Dollar
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9
FUNDAMENTAL

BULLISH:
-global weak data - brexit - trade war tensions (china buy 20bn instead of 50bn agriculture, Russia support china, middle east tensions on oil , eu)+ weak usd (nfp, slow job growth, employment)-us30 to take a dip.

BEARISH:
-brexit resolution, trade war relief of SIGNITURES, strong data


WEEKLY:
premium buy orders around 1488 & 1450
strong weekly support (1465, 1415, 1565)

DAILY:
1515 strong resistant area, daily bearish trend broken

Safer entries: wait 1505/1515/ 1480 break and retest
If break 1480: strong data

*1510 max

Market structure 1404-1518: must retrace 50% - FOR SELL

Just overall awaiting price to set up for the data ahead this week. Main bias is the upside.

Comments

What do I do? Long or short? Help
+1 Reply
@Mara-xx, suck my titty
+1 Reply
Should i go long or short
Reply
mara-ra-ra-ra tijanimansur
@tijanimansur, mate i just gave my weekly outlook and the most probable set up. If u cant even read this basic analysis i don't think u should trade. Ps It is most probable to go long but at the right time.
+2 Reply
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