Structureanalysis
BEARISH CORRECTION MOVEWhat’s your perspective on XAUUSD?
Gold is approaching a pivotal resistance zone, a level it has tested multiple times without breaking. At this moment, the strength to surpass this barrier remains uncertain. The expectation is a potential reaction to this resistance, leading to a correction toward the target level highlighted in the analysis.
Before taking any step confirmation should be taken by analyzing more deeply in smaller time frame, when markets open.
Remember, always use calculated stoploss for your trade.
What are your thoughts? Share your insights below and let’s spark the discussion!
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08.01.25 Morning ForecastPairs on Watch -
FX:NZDJPY (Live)
FX:GBPUSD
OANDA:XPTUSD
I will be recording a trade recap video of a UK100 position I took yesterday with the NZDJPY position I also took today this week.
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!