#XAUUSD
Morning everyone, in H1 chart, we already had a new top yesterday when Gold broke out 1670 resistance and heading to the old ones 1682, 1684, 1688. It means the next few days could be very bullish for Gold Spot. The US dollar is growing weak at least until FED announces the next move – raising interest rate. So we have 2 scenarios for Gold today:
+1st : I’m more inclined toward bearish for short term, price can not break out the pinky upper trend line for the present. It will go back down to retest zone of 1663-1660 support before rocket up. We can place some sell orders with targets 1663, 1660 SL 1669.5 to take small profits. Wait until the candlestick closed above 1660, 1663 to place buy position with targets 1667, 1670, 1675 SL 1664.4, 1661. DO NOT place any position when price in zone of 1660-1663 please.
+2nd: it doesn’t need to retest anything, just go up and aim to 1670, 1675, 1680 resistances but this situation is quite difficult to happen.
Whatever happens, risk management is the most important thing in financial investment, so please don’t forget to set STOP LOSS and DON’T BE FOMO !
Good luck guys, have a great trading day ahead !! 🌹🌹❤️❤️
Jolie Do:
Forex Trading Specialist/ Relationship Manager
外国為替取引スペシャリスト/顧客関係マネージャー
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已编辑 28 Oct 2022, 08:31
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