Weekly forecast
Updated
It was an excellent rejection on the H4 time-frame, and last week the market closed above the major resistance at 1765, a good sign of bullish continuation.
Fed Chair Powell is going to Testifies this week, US ADP, NFP, Jobless rate, and Unemployment claims will give a strong catalyst.
PS: This analysis fails if H4 candle can breakout and close below the trendline
Here's our last trade, I sent this analysis to my clients, and posted it o my previous XAU/USD analysis
Fed Chair Powell is going to Testifies this week, US ADP, NFP, Jobless rate, and Unemployment claims will give a strong catalyst.
PS: This analysis fails if H4 candle can breakout and close below the trendline
Here's our last trade, I sent this analysis to my clients, and posted it o my previous XAU/USD analysis
Trade active
It was a great trade. It reached the target zone. Currently, here's what I see, maybe a breakout or perhaps a rejection and continue the rally. FOMX and NFP will show the way.
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