XAUUSD IS RESPECTING A SOLID TREND AFTER A MASSIVE PULL BACK FROM PREVIOUS ACTION.
GARTLEY HARMONIC CONFIRMED, LOOKING FOR A RE-TRACEMENT AROUND 31.2% AND 61.8%
TAKE PROFIT 1# - 1198.00
TAKE PROFIT 2# - 1184.00
STOP LOSS - 1221.00
** HIGH-RISK TRADE**
Technically: The market has been in a BEAR market for quite some time however, the market has now reached a DAILY TREND which could be respected with a small pullback.
Strategy: Trend & Zone Trading, KISS
Fundamentally: USD had been playing some serious games recently with a bit of manipulation in the news releases, COVID has been continuously been affecting their economy however numbers show strength and growth.
Technically: USD has started to show weakness again creating equal lows on the DXY. JPY has been showing strength over the USD which has recreated a...
Looking at how the chart has been acting over the last several days we are seeing constant testing of Trend lines and S&R lines.
There is still a little bit of a movement to the downside to test a support around 0.71600 if it doesn't break through i'm looking for a break to the upside around the Fibonacci 50% respecting the downwards Trend line then break to the...
