0505 P5/8 XAUUSD chance to test 1300 if the line was broken
Actually, there is no a foundamental reason for gold to bull.
A great NFP result last friday and no sign of FED cutting rate are both against gold to move up again.
Check the monthly chart, 1327-1343 is the most opomistic position that it could struggle to pull back to .
Actually, the monthly chart is guiding gold down to test 1243 later this year!
On this weekly chart, we will see a rally up to reach 1302 first if the red trendline was broken by a sideways. Once price could not make it reach the green zone and turn down again, we will have a new channel ( orange) to follow.
LESS IS MORE!
A great NFP result last friday and no sign of FED cutting rate are both against gold to move up again.
Check the monthly chart, 1327-1343 is the most opomistic position that it could struggle to pull back to .
Actually, the monthly chart is guiding gold down to test 1243 later this year!
On this weekly chart, we will see a rally up to reach 1302 first if the red trendline was broken by a sideways. Once price could not make it reach the green zone and turn down again, we will have a new channel ( orange) to follow.
LESS IS MORE!
Comentarios:
So the plan for gold next week is to buy with cautious and making plan for a sell.
专注黄金和原油
六周年，微信小红圈季度订阅费仅需￥499！
www.red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
六周年，微信小红圈季度订阅费仅需￥499！
www.red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
