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Xauusdtrade

Will Gold make a RETEST or will it BREAK the resistance?End of the month next week! Will GOLD drop? or will it break the 12 day old resistance? Gold has not broke its previous week's HIGH however it has broken its LOW. Signs of Bullish GOLD For the DAILY time frame, no RSI (RSI = 65) divergence formed yet. 1H to 4H RSIs are above 50 (still in momentum) What we saw last Friday might be a retest? Shorting might be risky next week. We dont know. For more IDEAS, please do LIKE, COMMENT and FOLLOW. Thank you!
OANDA:XAUUSD
by JonJC
Head and shoulder patternToday is the last day of September so it seems that the inside bar on the monthly time frame will close as such unless there is a massive move today: The head and shoulder pattern is only to be traded at the end of a trend (its a reversal pattern so do not use mid trend!) I'll be waiting for the neck line to break before considering to take an entry. A price action signal after the neck line breaks would be ideal. For now, this pair is on my watch list and I will publish live updates in Forex Bootcamp. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSDEducation
by Cmasterza