Gold would go sideways this week according to lack of fundamental news, higher price 1730 and lowest 1702. for today trading 1716 as a terminal price, break 1716 buy with target profit 1725, reversal at 1716 sell with target 1702.
XAUUSD (Gold) drop 700 pip in the last two day becouse of the rising USD, strong Job Opening data last night drag the price into the lowest price since october 2021. although we still waiting for upcoming FOMC news tomorow. for short trade, the best option we have is to set pending order sell limit if price cant break nearest resistance, and set buy stop if the...
Technically the price break MA 20 and RSI already below 30 level since friday wich indicated a strong reversal, but according to bearish economic wave opinion this week, let's take advantage of momentum to short BUY.
Enjot the ride dont foreget to put on the seat belt.
