XAUUSD: Buyers failing to take price to create HH

Dear Traders,

Gold has repeatedly failed to breakthrough 2010 region showing extreme selling pressure in 1990-2007 region. In this scenario price usually drops and it drops hard however, the thing that worries us is price is still consolidating in one region since last few days. Taking any trades on GOLD right now would be mistake.

Kommentar:

In last two days of this week, price have been consolidating this level from 1990-2007 price did not break through that region. Currently daily candle closed which indicating we may see price finally breakthrough next week.

Kommentar:

Price have broke out of that caution area after a month of consolidation. Finally the price movement looking good and affirming. Will wait for price to give us more solid confirmation as if this is not a liquidity grab.

Trade ist aktiv:

Now we have full confirmation that price is bullish and in soon time we expect price to rise up until 2090.

Trade geschlossen: Ziel wurde erreicht:

670+ PIPS target hit successfully.