XAUUSD - 2024/08/05

8월 5일

Overall Gold is still in a bullish trend, for us to start trading bearish we need a strong daily bearish closure.

On Friday following the NFP data release gold started pushing up and then had a huge drop. The data that was released is deflationary making it bullish for Gold.

Now we can see that we have 2 volume buy zones, I will look to see in which zone I get my entry confirmation to go higher.

8월 5일

노트

We moved lower into our second buying zone with a lot of bearish momentum. Let's see if we can get the confirmation but at the moment it looks very bearish to buy.