XAUUSD Outlook 8/8/23 Weekly level respected 📈
Updated
Good evening gold gang, amazing trade today grabbed by you lot on the reversals at the level. If you grabbed it, you're a fearless legend.
I pretty steady day of price action today due to it being monday, and no news to push us. We still got the analysis and trade so im happy!
Price came down in asian to correct the nfp move from friday before reversing .. this has made the weekly level very strong, and coupled with a declining DXY, we should carry on the bullish trend for gold.
The monthly and weekly time frames are very important to look at with gold .. just treat them as any other time frame noting reaction levels and closes above and below. |
buys, sells and reversals are marked on the charts .. the sell zone is a little shorter to account for the wicks .. lets clear them first before looking for entries.
No news day tomorrow .. boo .. but im still gonna be around .. stats show that reversals are more likely on no news days so lets focus on those.
Follow me! Im the realest trader on here .. no fluff just value and winning analysis daily
catch you in london
tommyXAU
I pretty steady day of price action today due to it being monday, and no news to push us. We still got the analysis and trade so im happy!
Price came down in asian to correct the nfp move from friday before reversing .. this has made the weekly level very strong, and coupled with a declining DXY, we should carry on the bullish trend for gold.
The monthly and weekly time frames are very important to look at with gold .. just treat them as any other time frame noting reaction levels and closes above and below. |
buys, sells and reversals are marked on the charts .. the sell zone is a little shorter to account for the wicks .. lets clear them first before looking for entries.
No news day tomorrow .. boo .. but im still gonna be around .. stats show that reversals are more likely on no news days so lets focus on those.
Follow me! Im the realest trader on here .. no fluff just value and winning analysis daily
catch you in london
tommyXAU
Note
As predicted .. the reversals worked great in the asian session. Note
Boop. Target destroyed. All planned and executed. congratulations Note
ping pong 
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