The 1D chart is showing gold is in long-term bearish trend. 24th Aug 21 NY session even could not come out of this bearish bias.
The grey area is really nasty - need extra caution to trade. Without a good scalping experience, better other currencies are good.
Someone is telling, anything above 1800 is sell. Do you think same or different, please share your views -
Commentaire
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Gold is flame and we are The Insects - yesterday XAUUSD burned many retail traders, many traders got profit, it's the law of mass number, today I hope traders will be much more cautious for FOMC. I'll not be surprised if smart money/manipulation brings XAUUSD up to 1825-30.
I have confusion, so I'm on the sideline (like NFP time) - waiting for a short entry @ 1825. The negative trend-line might be invalidated today - Good luck traders, Don't forget your stop-loss today, anything can happen between 1995 - 1825 The grey area.
Nice move today. We might see some selling if that upper bound depicted below does not hold. But overall I am bullish. Anyways, wish you good luck with your trade and thanks for your idea!
Zamizaki
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@Tradersweekly, Thanks for your idea sharing, wish you good luck, happy trading -