PROPOSITION TO SHORT XAUUSD
Technical Analysis
1.minor trendline was broken last week.i am looking into entry on the trendline retest and take profit at the end of the trendline compression
2.There is a demand zone at 1466.7 to 1467.8 which agrees with the trendline retest area
Fundamental Analysis
1.with the market still riding the positive momentum on us-china trade war,gold continues to drop.
2.us data also are not that bad thus creating some demand on usd
Risk
1.gold might get some flow of safe haven if there is any event that could trigger fear or panic to the market.among potential agenda is:
a.dispute between us and china regarding tariff
b.intervention of us in hong kong
c.impeachment progress
Technical Analysis
1.minor trendline was broken last week.i am looking into entry on the trendline retest and take profit at the end of the trendline compression
2.There is a demand zone at 1466.7 to 1467.8 which agrees with the trendline retest area
Fundamental Analysis
1.with the market still riding the positive momentum on us-china trade war,gold continues to drop.
2.us data also are not that bad thus creating some demand on usd
Risk
1.gold might get some flow of safe haven if there is any event that could trigger fear or panic to the market.among potential agenda is:
a.dispute between us and china regarding tariff
b.intervention of us in hong kong
c.impeachment progress