as we know, today we have several news coming for XAUUSD, Industrial Production m/m
and also "FOMC Member Jefferson Speech".
MR. Jefferson most of the times makes USD weaker a bit and today we don't pay attention to his speech literally, but for FOMC Mr. Power, we should be aware for these two scenarios for gold.
price is still in a bearish move, until retesting and candle formation and Candle closure around 2364.78, we still waiting for confirmation.
if price breaks below this area (2364.78) we wait for candle closure, if the candle formed bearish, we go short, and our stoploss may be around 2371.52.
but, if price reaches 2364 and closes above this area, we do nothing and wait for news.
we also have a secondary option, which is waiting for price till reach 2390.72 (the blue line - Observation area). if price reaches here, we must wait for candle formation. if candle closed bullish the mentioned price, 2392.93 is a safe price to go long for Gold.
wish you always be lucky.
ur wlc.
check 15 minutes chart below 👇
and also "FOMC Member Jefferson Speech".
MR. Jefferson most of the times makes USD weaker a bit and today we don't pay attention to his speech literally, but for FOMC Mr. Power, we should be aware for these two scenarios for gold.
price is still in a bearish move, until retesting and candle formation and Candle closure around 2364.78, we still waiting for confirmation.
if price breaks below this area (2364.78) we wait for candle closure, if the candle formed bearish, we go short, and our stoploss may be around 2371.52.
but, if price reaches 2364 and closes above this area, we do nothing and wait for news.
we also have a secondary option, which is waiting for price till reach 2390.72 (the blue line - Observation area). if price reaches here, we must wait for candle formation. if candle closed bullish the mentioned price, 2392.93 is a safe price to go long for Gold.
wish you always be lucky.
ur wlc.
check 15 minutes chart below 👇