purely advice... dont take action without analysing XAUUSD yourself.
simple market geometry and price action trading
personally i dont use indicators.
ANALYSIS:
-weekly closer as a pinbar/hammer or whatever you want to call it, indicating for a reversal.
-Daily closure today showed a huge bullish engufing candlestick, breaking out of a 3/4 day consolidation zone.
-Awaiting for 1295 region to be reached before a potential buy. i usually will enter a buy limit.
-News for USD will be coming out on saturday 3am (UK TIME) which may have an effect on interest rates which can inturn effect gold price.
simple market geometry and price action trading
personally i dont use indicators.
ANALYSIS:
-weekly closer as a pinbar/hammer or whatever you want to call it, indicating for a reversal.
-Daily closure today showed a huge bullish engufing candlestick, breaking out of a 3/4 day consolidation zone.
-Awaiting for 1295 region to be reached before a potential buy. i usually will enter a buy limit.
-News for USD will be coming out on saturday 3am (UK TIME) which may have an effect on interest rates which can inturn effect gold price.