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Analysis of #XAUUSD
Hello friends,
Gold remains supported above its trendline support, but it is not convincing trades to jump on the buy-side with the bond yield rising up, and as we know gold will lose its shine when bond yield starts to rise.
trades are split on this market probably watching the earning season alongside the inflation news.
anyway, I think there is a chance for small trades on the lower time frame trading ranges between 1835 and 11850.
For me, I do have an open trade that I bought at 1780 and sold TP1 at above 1900 and did add another trade recently which I am considering to close if things do get better for gold.
any close above 1872 will open the door for 1948 for buys
any close below 1804 will open the door for 1777 for sells
▶let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Analysis of #XAUUSD
Hello friends,
Gold remains supported above its trendline support, but it is not convincing trades to jump on the buy-side with the bond yield rising up, and as we know gold will lose its shine when bond yield starts to rise.
trades are split on this market probably watching the earning season alongside the inflation news.
anyway, I think there is a chance for small trades on the lower time frame trading ranges between 1835 and 11850.
For me, I do have an open trade that I bought at 1780 and sold TP1 at above 1900 and did add another trade recently which I am considering to close if things do get better for gold.
any close above 1872 will open the door for 1948 for buys
any close below 1804 will open the door for 1777 for sells
▶let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
