!!GOLD BREAKOUT APPROACHING!! LET'S CATCH THIS PLAY TEAM
XAUUSD experiencing some volatility today as expected due to all USD news, especially NFP.
I am waiting for a clear breakout to decide which way to enter, I do personally think i will be entering short due to the dollars rally which i think will continue
1. Main & Strong trendline support is holding
-Waiting for a confirmed breakout on at least 4 hr or Daily candle to confirm play
2. Two levels of horizontal support expressed in chart to keep an eye on
3. Fib is holding at 38.2 which is also horizontal support
4. SMA & EMA, EMA is holding as resistance
I am waiting for a clear breakout to decide which way to enter, I do personally think i will be entering short due to the dollars rally which i think will continue
1. Main & Strong trendline support is holding
-Waiting for a confirmed breakout on at least 4 hr or Daily candle to confirm play
2. Two levels of horizontal support expressed in chart to keep an eye on
3. Fib is holding at 38.2 which is also horizontal support
4. SMA & EMA, EMA is holding as resistance