Currency Pair: XAU.USD Time Frame: Monthly, Weekly, Daily & 4hr Predicted Direction: Short
XAU.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Commentaire
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Price failed to pullback which invalidates a short opportunity. However i would keep an eye on the $1,200 level over the coming weeks.
im waiting on the pullback too, hopefully bears don't just run after breaking the TL
UnknownUnicorn180388
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@eazywayout, We will have to see up until Wednesday for more information.
KeraTrader
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Hey Tom, if you don't mind me asking: what is your broker?
thejuveniletrader
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I totally agree, Tom. Looks like Gold will keep going down until it hits a major weekly/monthly support.
If the GDP is dovish later, we might see a little pullback from Gold.