GOLD XAU/USD Week 40 Trading Idea (02/10/2019) More Downside?

1 thg 10, 2019

GOLD indeed completed its H&S pattern with 153x high as per myn idea post out on previous week
At this moment of writing we already had a 700pips/70$+ run down
1490 1480 previous supp will now act as resistant area
Looking for next land near 1450 to 1440 area with 61.8% fib and weekly ema20 support
Ultimate 1350


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3 thg 10, 2019

Bình luận

Price nicely swing up back to the neckline resistant to kick off late sellers on Monday to Wednesday
Price currently now on 15xx Daily ema resistant
If price closed with strong bearish rejection daily candle i looking forward price to head back towards plan of 145x to 144x area

We are still having multiple important data/news coming up with,
SM Non-Manufacturing PMI data today
NFP tomorrow
FED speech