This week is a sell week and for that reason I am scared of Xau. Xau has continued to sell for weeks and months now, finally headed to the 3500-2500 areas after breaking and closing below 3900 areas. Last week was a buy week, with Xau closing at 3995 last weekend, opening in a buy push and sold to 3980 area and started buying from that level to 4070 areas. Xau quickly retraced itself in a sell drop for the rest of the week finally closing at 3875. It's not out of the blues for Xau to sell massively in the last week of the month even on buy weeks, regardless, this is a suspicious move because when there's a massive sell or buy, a counter action is lurking, or it could be a trap. Be cautious.
This week is a sell week, I personally think Xau has over sold and needs to take a breather towards 4200 and above areas at least 4380, but I can't tell Xau what to do coupled with the fact that Xau is playing against the US dollar and the US dollar seems to have taken the bull by the horn and I don't see the momentum depleting anytime soon. maybe till January?
These are my parameters for the week, selling from 3905-3955 areas and above down to 3795 areas or below around 3672, 3500 to prepare for buys which I hope would take us out of the bears hands. My analysis is short. If Xau opens in a buy push it would continue to sell for the rest of the week, if Xau opens in a sell drop, it will sell a bit, buy to 30pips above market open and then continue to sell for the rest of the week or it could open in a sell drop and keep selling for the rest of the week when it breaks and closes below 3815 with little to no retracements.
A fully funded account, discipline and patience would win you the trades. update your parameters daily, scalpers have the market, scalp daily and take profit. I wish you Goodluck this week.
This week is a sell week, I personally think Xau has over sold and needs to take a breather towards 4200 and above areas at least 4380, but I can't tell Xau what to do coupled with the fact that Xau is playing against the US dollar and the US dollar seems to have taken the bull by the horn and I don't see the momentum depleting anytime soon. maybe till January?
These are my parameters for the week, selling from 3905-3955 areas and above down to 3795 areas or below around 3672, 3500 to prepare for buys which I hope would take us out of the bears hands. My analysis is short. If Xau opens in a buy push it would continue to sell for the rest of the week, if Xau opens in a sell drop, it will sell a bit, buy to 30pips above market open and then continue to sell for the rest of the week or it could open in a sell drop and keep selling for the rest of the week when it breaks and closes below 3815 with little to no retracements.
A fully funded account, discipline and patience would win you the trades. update your parameters daily, scalpers have the market, scalp daily and take profit. I wish you Goodluck this week.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.