XAUUSD - 2024/10/01
Good day Traders
New month new opportunities.
Technicals:
We can see that yesterday we moved down to my 1h volume buy zones (both of them) we came to the first one where we broke lower to take out the early buyers and to grab more liquidity.
After breaking lower and retesting the lower 1h volume buy zone we broke back above the top buy zone indicating a potential fake out.
For me i am still cautiously bullish today. I am waiting to see if we can come back to the top 1h volume buy zone and maybe the asian lows to then move higher again.
Fundamentals:
For me nothing much has changed from yesterday due to the lack of data being releases. We do however have NFP on Friday that will have a big affect on the price of Gold.
Bias:
Cautiously Bullish.
New month new opportunities.
Technicals:
We can see that yesterday we moved down to my 1h volume buy zones (both of them) we came to the first one where we broke lower to take out the early buyers and to grab more liquidity.
After breaking lower and retesting the lower 1h volume buy zone we broke back above the top buy zone indicating a potential fake out.
For me i am still cautiously bullish today. I am waiting to see if we can come back to the top 1h volume buy zone and maybe the asian lows to then move higher again.
Fundamentals:
For me nothing much has changed from yesterday due to the lack of data being releases. We do however have NFP on Friday that will have a big affect on the price of Gold.
Bias:
Cautiously Bullish.
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