XAUUSD - 2024/08/05
Overall Gold is still in a bullish trend, for us to start trading bearish we need a strong daily bearish closure.
On Friday following the NFP data release gold started pushing up and then had a huge drop. The data that was released is deflationary making it bullish for Gold.
Now we can see that we have 2 volume buy zones, I will look to see in which zone I get my entry confirmation to go higher.
On Friday following the NFP data release gold started pushing up and then had a huge drop. The data that was released is deflationary making it bullish for Gold.
Now we can see that we have 2 volume buy zones, I will look to see in which zone I get my entry confirmation to go higher.
Note
We moved lower into our second buying zone with a lot of bearish momentum. Let's see if we can get the confirmation but at the moment it looks very bearish to buy.
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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.