So, we see that NFP didn't move gold as much as we expected. Gold managed to make a new low and a new high changing character. we are waiting for gold to come back to our demand level so we can buy. As the US dollar decline finding support, gold is finding a way to make a run. Have a good weekend.
Gold is at a resistance as of now and it is struggling to break above. we are looking for the support to hold while gold creating multiple rejection at that area.
we should see a sell from here. as gold is about to form a double top at the resistance area.
Price broke the trend line so we expect gold to drop down. while news predicting the Dollar will fall but for now gold is Bearish.
EURUSD has form a nice falling wedge and the RSI is indicating a nice divergence on the 4hr. we will only take this trade if price break above the and close above the top wedge. trade with caution.
Gold has from a nice bearish rising wedge and the RSI is showing a divergence. price also break out the channel so wait for a retest and a confirmation candle to go short.
Gold is at a strong resistance and a supply zone. I'm looking for sells all next week. Trade responsibly. like and follow
Gold has break trend line to the upside. wait for pull back to the order block at the 50% fib level. not a financial advisor, trade responsibly.
Not financially advised. my opinion. Gold has form a double top on H1.
Price recently break the trend line and its retracing to retest and getting ready to go up, Be patient and wait for confirmation. money management is always important.
trade with caution and manage SL. three TP potential. happy trading.