XAUUSD
Atualizado
My XAUUSD analysis is as follows.
We have two possibilities here.
The 1st sees price breaking our bullish flag (which it seems it already has), retesting followed by a bull rally back up to 1980.
The 2nd idea sees price breaking the lower boundary of the bullish flag, testing our 50% level and heading upwards to the same target of 1980.
In addition, if the DXY breaks its most recent support, we may see a drop down touching 93.
Overall I definitely believe XAUUSD will continue up after a suitable correction, we just have to wait and see where price takes us.
Please don't hesitate to start a discussion in the comment area, I will reply to all comments (regardless of whether you agree or now)
-Connor-
We have two possibilities here.
The 1st sees price breaking our bullish flag (which it seems it already has), retesting followed by a bull rally back up to 1980.
The 2nd idea sees price breaking the lower boundary of the bullish flag, testing our 50% level and heading upwards to the same target of 1980.
In addition, if the DXY breaks its most recent support, we may see a drop down touching 93.
Overall I definitely believe XAUUSD will continue up after a suitable correction, we just have to wait and see where price takes us.
Please don't hesitate to start a discussion in the comment area, I will reply to all comments (regardless of whether you agree or now)
-Connor-
Nota
Price broke down and touched the 61.8% level perfectly.I don't see price coming back down to the 50% level. I may adjust my strategy to allow for entry on the 61.8 level in the future.
Keep an eye on these updates, I am still hoping to catch some pips here.
Nota
Ordem cancelada
Given that we have the FOMC press conference at 19:30 GMT, I'm going to cancel this trade and will post new analysis when appropriate.Nota
Price reached our target almost to the pip.Missed our entry by 50 pips (not much for GOLD).
Lesson learned :)
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