EuroMotif

XAUUSD shorting Idea: Gold bounce to end soon?

FOREXCOM:XAUUSD   골드 스팟 / 미국 달러
Gold bounced quite strongly, helped by Dollar weakness across the board.
Given such a strong bounce, I think it might have a little more room to the upside before plunging.
It is possible it has peaked already, but I would like to see it finish a well defined ABC move up, for a wave 4.

Of note: NFP release on Friday, which might have a dramatic effect on all pairs including XUAUSD.
So any entries before the release will be quick scalps with small position sizes.

This bounce came from a critical support zone that I was watching in my last post.
That zone in above chart was clearly important, and bulls sure stepped in.
Now lets see how much momentum this bounce really has.



the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.