Hello everyone, XAUUSD fell into the 1720-1670 zone last week as outlined in the previous quarter (see linked ideas). This week's price action has seen gold enter the 1670s briefly before retracing back to current levels. We're expecting price to keep below the 1760 level and fall back into the marked zone. Over the course of the month, we could potentially...
Hello everyone, XAUUSD stayed below the 1760 (1755) and fell back into the marked zone (1690-1670) as mentioned in the previous idea linked below. We were expecting a correctional sequence which seems to be playing out currently between the 1760-1670 level. Moving forward, the price should remain between these levels and meander back down closer to 1700 before...
Hello everyone, Gold is progressing along in line with the previous idea illustrated (see link). We saw the 1820 price level get flipped into resistance. As expected, this provided the platform for a further move to the downside to test the 1765 swing low which was taken out earlier this morning. There is a possibility that we see a move up towards the...