Hi Traders, Welcome to 2020
Here is the full Updated Analysis for XAUUSD.
Keep this pair on your watch-list!
Conditions -
1. Wait for confirmation( Retest Structure)
2.Use Risk Management( Risk 1% of your capital)
3. Do your Own analysis!
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Just a breakdown of why price behaved as it should in its most simplest form without over complicating. Granted there are multiple reasons behind as to why price went up whether it be sentiment & fundamentals. We will stick to the basic Technical. Even behind the scene there are multiple technical reasons as to why price went up from patterns to waves to zones and...
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1277 break that open gate to last small target 1265 has been done.
Besides that one, I didn't have any other target and I made my first buy!
Since I don't know will 1254 will be reached and what piece it will develop I split my margin impact into 3 positions!
Sorry for maybe too long video ( whole 10 mins ) I was rambling because my mind is full of some other...
Although we broke the " line " by itself it could mean nothing. So far we are having a test-back, but still, at any point above 1276. it can rise again.
So be careful.
We have last day of the month of November so a lot of interesting irrational stuff can happen in the markets.
Good Luck.
