XAUUSD - BEARISH OR BULLISH?
1. Previous monthly candle close was bearish
and it broke through our major support level at
1831.
2. Price partial wick filled the hammer candle
which was its previous candle.
3. I'd expect another retest on the high at
the 1820-1830 since this was the range where price plummeted
post-NFP last month.
4. This week is also NFP week so I'd expect a volatile move to the
upside for another retest just like it did on the previous NFP week.
5. I'd expect the price to fully fill the wick at 1678 and if it did price might
be able to test the 50EMA.
6. If the price breaks through our key resistance level at 1831,
we might be able to see a another push to the upside at 1890-1907.
and it broke through our major support level at
1831.
2. Price partial wick filled the hammer candle
which was its previous candle.
3. I'd expect another retest on the high at
the 1820-1830 since this was the range where price plummeted
post-NFP last month.
4. This week is also NFP week so I'd expect a volatile move to the
upside for another retest just like it did on the previous NFP week.
5. I'd expect the price to fully fill the wick at 1678 and if it did price might
be able to test the 50EMA.
6. If the price breaks through our key resistance level at 1831,
we might be able to see a another push to the upside at 1890-1907.
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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.