XAUUSD potentials of sells (read details carefully)
Today is a calm day, no economic calendars, nothing special, best opportunity for governments tweets, breaking news about Viruses, Goldman etc.
we are still in a darkness for gold, but there is a sells of hope.
as you see the price is still holding its bearish movement after NFP on Friday, there is not enough range for retracement above 1855.60 , so it may continiue to hold its bias.
I am expecting some breaking news to drop GOLD.
for swingers, its not recomended to sell now, but for smart traders who are accepting several attempts its not bad.
I myself waiting for candle closure below 1849.56 then i short gold, it may form a new resistance around this area, so please do a risk free after around 20 pips,if your risk free hit, just wait for second attempt after forming the new resistance i mentioned. then go shorts again with lower stoploss (i myself use the same SL price to avoid slippage and market Grab).
lets see how the market goes.
we are still in a darkness for gold, but there is a sells of hope.
as you see the price is still holding its bearish movement after NFP on Friday, there is not enough range for retracement above 1855.60 , so it may continiue to hold its bias.
I am expecting some breaking news to drop GOLD.
for swingers, its not recomended to sell now, but for smart traders who are accepting several attempts its not bad.
I myself waiting for candle closure below 1849.56 then i short gold, it may form a new resistance around this area, so please do a risk free after around 20 pips,if your risk free hit, just wait for second attempt after forming the new resistance i mentioned. then go shorts again with lower stoploss (i myself use the same SL price to avoid slippage and market Grab).
lets see how the market goes.
Comment:
On the way home
Trade closed: target reached:
TP HIT ;)