Xauusd GOLD

5 de jul. de 2021

Hi traders, unfortunately we got stopped out on our previous trade .I will put my the previous analysis on below so u may check it out for the referral. But previously i was on buy bias and so now. Currently price bounced up from recent low which is 1750 area.Current price at 1790 which price was rebounce 400 pips so we will act the 1750 as our support zone. We will not buying gold at this level even though we know price could still rising to 1800-1820. My advice we shall wait for the price retrace back a little. The interest part what i found on gold is we may got an inverted head and shoulder in the future or myb couple day later which is 1765-1769 area. This zone was very strong and it could be hold the gold for the next rally to the upside. So, i would personally stay out of the market and wait for gold act himself. I will place a buy limit at 1765-1769 with stop loss at previous low. But traders mark my word, sif we saw a huge rejection candle on h1 or h4 please remove the buy limit. All we want to buy is when gold slowly back down to our zone and after we saw a rejection on our zone than we may enter our buy trade with take profit at 1810-1820. As usual i will update u guys everything what i saw on gold and stay tuned for my next update. If you do like my analysis ,please drop a like and comment what u saw on gold. Plan the trade ,trade the plan. GOODLUCK EVERYONE.