XAUUSD

1 thg 10, 2021

This is just a thought on how price action can potentially move in a bullish direction for Gold. But, since we have a little bit of market sentiment and political events that has the market moving. We can spectate on this move to take place next week since the market is coming to a close which doesn't generate enough volume for volatility. This highlighted area is where I see price retracting to before it makes the real move. You will also notice that price has reacted to that same area in the past showing minor areas of support and resistance. Finally, in order to capitalize on this entry we have use proper risk management and levels of confluence to execute our take profit.