XAUUSD [ SHARING ]

For the upcoming week for GOLD, these are the levels I will be looking at.

Looking to see if price will bounce from here and retest the upper HTF trendline or if it will come back down to meet the lower HTF trendline.

Personally feel that the former scenario is most likely to play out considering the USDX has broken support but we shall see how it plays out.

Will update on trade opportunities if prices touch eitherside of the HTF trendline.

Commentaire:

Price touched the bottom HTF trendline and bounced back up, did not took any trades as price action was too volatile then and I did not know what was causing it so I stayed out of the action.

Will be keeping a close eye on this now.