Golden level, looking buys
Updated
We are in good levels on gold after the drop in yesterday's news. I do not use any fundamental data in my analysis, everything is plotted on the chart, so we trade what we see.
so let's see what we can expect next for gold.
psychologically majority will be looking for sells, we were already seeing these levels once we were in 2065, so these levels are not surprising to us. We can market to turn back up from now on from any levels, only goes more down if the market spends more time here consolidating, for now I don't see that happening.
The market will only look for long as it is at a low price and this move to the downside is a decision or preplanned by market makers to get in buys from low.
IMO it will be good to avoid all sell setups and look for buy setups from now onwards
Technically we can be in the last wave of the down wave and as the levels marked on the chart am expecting the market to react at 1983-80 and start the next upside wave.
levels: 1980, 1995, 2025
XAUUSD
so let's see what we can expect next for gold.
psychologically majority will be looking for sells, we were already seeing these levels once we were in 2065, so these levels are not surprising to us. We can market to turn back up from now on from any levels, only goes more down if the market spends more time here consolidating, for now I don't see that happening.
The market will only look for long as it is at a low price and this move to the downside is a decision or preplanned by market makers to get in buys from low.
IMO it will be good to avoid all sell setups and look for buy setups from now onwards
Technically we can be in the last wave of the down wave and as the levels marked on the chart am expecting the market to react at 1983-80 and start the next upside wave.
levels: 1980, 1995, 2025
XAUUSD - and as always market wins
Note
always wait for your setupNote
Trade closed: target reached
our target as updated is complete
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