FX:XAUUSD
The bulls are strong on gold and further upside more likely to end off week.
If bulls hold above 2760, bullish prevails. Otherwise, possible reversal to the downside.
XAUUSD is strongly bullish on HTFs - The pair has shifted bearish on the lower timeframes signaling a potential retracement downwards to the 20 area.
This presents an opportunity to both scalpers and short term traders to short the market as soon as they get the necessary confluences.
The London Session provided a very promising bullish setup that checks every trend-trader's boxes. With traders eagerly awaiting the New York session to drive in substantial bullish momentum and send the pair through the tops of their computer screens - their bullish expectations are slowly dying off since it is now half-way into the New York session and not only...
Gold is bullish on the weekly, the daily, the 4h, the 30m and the 15m signaling continuation in bullish momentum in the New York session. Gold has been bullish for a long while now and many traders expect it to form a top and then retrace to below 2750. However, the technicals are strongly bullish for today. 🚀
FX:XAUUSD
