Gold, The storm is coming with NFP tomorrow.
XAUUSD / 4H
Hello traders, welcome back to another market breakdown.
Technical analysis: Gold has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. However, the price has achieave the 2 standard deviation target and the price is setiing at the last swing high which is also a good argument for bulls to long Gold.
We can also notice a break of trend line and a shift of structure which might help the bulls to make up for their argument here.
Trade safely,
Trader Leo.
If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups.
You can also check my last update on
Hello traders, welcome back to another market breakdown.
Technical analysis: Gold has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. However, the price has achieave the 2 standard deviation target and the price is setiing at the last swing high which is also a good argument for bulls to long Gold.
We can also notice a break of trend line and a shift of structure which might help the bulls to make up for their argument here.
Trade safely,
Trader Leo.
If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups.
You can also check my last update on
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.