XAUUSD Gold price action breakdown 1h
So far this week price action has been very slow, with the only movement coming in as a reaction from news and little else happening inbetween.
We are at a key level where Gold either makes or breaks it's August and september start with core PCE news today, and NFP tomorrow.
The main thing to look out for today is a liquidity grab, which are levels marked in purple. I anticipate these levels to see price reject from IF we fail to see a closure above/below the respected levels. In these cases I will be taking live testing 0.01 lot buys to continue my analysis of this new style of trade entry.
Buy and Sell levels are once again in play should the hourly candle close above/below the respected levels.
We are at a key level where Gold either makes or breaks it's August and september start with core PCE news today, and NFP tomorrow.
The main thing to look out for today is a liquidity grab, which are levels marked in purple. I anticipate these levels to see price reject from IF we fail to see a closure above/below the respected levels. In these cases I will be taking live testing 0.01 lot buys to continue my analysis of this new style of trade entry.
Buy and Sell levels are once again in play should the hourly candle close above/below the respected levels.
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