XAU/USD Trading | Where to In/De-vest. pour OANDA:XAUUSD par WillSebastian

XAU/USD Trading | Where to In/De-vest.

XAUUSD has fallen on improved Dollar sentiment. This is the same for the SPX right now.

This also represents a Risk off environment, and can lead to further Gold falls.

Therefore, we need to look at entries and exits on either side of the market and sentiment changes that may push/pull it.

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Going Into Mon - Longs preferred much lower, Support in the way. Still happy to wait.

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Still no longside market reaction - would not be surprised if markets trickle further pre news inflow tomorrow.

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Exit for gains as per previous plans

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Update:

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Price still on its way lower (risk off, opposite of gold traditionally).

Looking still lower circa 2320.

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XAUUSD - Understanding How And Why Markets Form Like This..

WillSebastian

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Posts Not financial advice.

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WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.