XAUUSD - WEEK OF DIRECTION.
Hello Traders,
Currently Gold is trading on intraday high at around 1760 testing a low of 1748.
It will be a busy week for traders to analyse the market as there’s a lot of data coming up and of-course last week of the month.
So far XAUUSD starts a day/week in an upward direction as there’s been a lot of sentiments crawling around i.e (crypto, china property developer, tapering etc).
But still we’re little bearish on gold. We think it’ll consolidate in a range below 1770 in coming few sessions and pullback from here should retest last week low or maybe make a new low around 1717-1727 region
We do not provide any financial advice, all ideas shared on trading view is our view and not necessarily in line with yours.
If you like the idea kindly follow and like.
Thanks.
Currently Gold is trading on intraday high at around 1760 testing a low of 1748.
It will be a busy week for traders to analyse the market as there’s a lot of data coming up and of-course last week of the month.
So far XAUUSD starts a day/week in an upward direction as there’s been a lot of sentiments crawling around i.e (crypto, china property developer, tapering etc).
But still we’re little bearish on gold. We think it’ll consolidate in a range below 1770 in coming few sessions and pullback from here should retest last week low or maybe make a new low around 1717-1727 region
We do not provide any financial advice, all ideas shared on trading view is our view and not necessarily in line with yours.
If you like the idea kindly follow and like.
Thanks.
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