Feel free to check my XAU/USD history analysis and updates by clicking the small arrow in the chart.
So far so good, it went up to test the upper Bullish pennant line. The next catalyst is NFP and US Jobless rate, If it can break out and close above the pennant I reckon XAUUSD will go up to test 1788 zones. Currently, I remain Bullish and will act accordingly if there's any sign of a reversal in the market and if the fundamentals against the technical analysis.
PS: Keep in mind, don't buy at these high rates, a really bad price to enter a new trade.
Here are our recent trade and update that I added to my previous XAUUSD analysis
So far so good, it went up to test the upper Bullish pennant line. The next catalyst is NFP and US Jobless rate, If it can break out and close above the pennant I reckon XAUUSD will go up to test 1788 zones. Currently, I remain Bullish and will act accordingly if there's any sign of a reversal in the market and if the fundamentals against the technical analysis.
PS: Keep in mind, don't buy at these high rates, a really bad price to enter a new trade.
Here are our recent trade and update that I added to my previous XAUUSD analysis
Note
US dataHourly earning 4.7%
NFP -20500K
Jobless rate 14.7%
Note
Note
If it can break out and close below the RED support line, I reckon XAUUSD has the potential to fall to retest the bottom pennantTrade active
Potential targetTrade active
So far so good!Trade active
Note
Target reached. Took profit half and hold halfTrade active
ChartTrade active
PPI -1.3%Core PPI -0.3%
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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.