Feel free to check my XAU/USD history analysis and updates by clicking the small arrow in the chart. Feel free to read the updates on each analysis, it might help you to understand the spot gold price action.
Here's our recent trade on XAUUSD, so far so good. I shared this chart in my previous XAUUSD analysis. If you trade it, enjoy your profit.
I reckon it has to retest the bottom bullish pennant line. We will take the profit of our sell and buy a large lot size in that zone, or we will add more sell heavily if it can break out and close below the bullish pennant. But currently, my overall long-term sentiment remains bullish. I'll add the update later to this analysis when I have a chance. Good luck!
Here's our recent trade on XAUUSD, so far so good. I shared this chart in my previous XAUUSD analysis. If you trade it, enjoy your profit.
I reckon it has to retest the bottom bullish pennant line. We will take the profit of our sell and buy a large lot size in that zone, or we will add more sell heavily if it can break out and close below the bullish pennant. But currently, my overall long-term sentiment remains bullish. I'll add the update later to this analysis when I have a chance. Good luck!
Note
Core CPI -0.4%, CPI -0.8%Trade active
Potential tradePS: This analysis fails if it can break out and close below the bullish pennant
Trade active
Trade active
PPI -1.3%Core PPI -0.3%
Trade closed: target reached
Not bad, it reached the upper pennant and closed the trade manually. will re-enter the trade laterNote
US Jobless claim 2981KNote
US Core Retail Sales -17.2%Retail Sales -16.4%
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Upgrade Your Trading Station with Gold Cartel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.