XAUUSD 15-min Analysis (And long term analysis)
Gold rose up beyond the last res box because of news relating to Empire state manufacturing Index (Forexfactor.com). But also it was a busy day for US Dollar last night which throw the gold down the line (White lines below and above)
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For today and right this moment if you can see the market gold can mirror itself to make a W right after it retest res line and goes to hit the line which gonna act as our sup line to boost our gold up.
(Right now gold Market is moving slowly so that process may take an entire day)
I'm confident that the market gonna create a flag in the 1h timeframe which market then push itself to in it to the last bit until it boosts itself up until 1877.96 to be exact
and after that we need to see it play a little bit.
Saying that we need it to play a little bit meaning we dont know what news gonna rise that changes our expectation of XAUUSD Market thats gonna delay its rise to break 2000~ mark
As I see it watching an entry for a sell is kind of impossible since its just gonna rise even more so all you can do right now is buy even it you know its gonna go down past tha
-
For today and right this moment if you can see the market gold can mirror itself to make a W right after it retest res line and goes to hit the line which gonna act as our sup line to boost our gold up.
(Right now gold Market is moving slowly so that process may take an entire day)
I'm confident that the market gonna create a flag in the 1h timeframe which market then push itself to in it to the last bit until it boosts itself up until 1877.96 to be exact
and after that we need to see it play a little bit.
Saying that we need it to play a little bit meaning we dont know what news gonna rise that changes our expectation of XAUUSD Market thats gonna delay its rise to break 2000~ mark
As I see it watching an entry for a sell is kind of impossible since its just gonna rise even more so all you can do right now is buy even it you know its gonna go down past tha