Will XAUUSD Bounce or Slide?
Hello Traders!
As we saw Yesterday Market was very volatile and taking sl's and giving profit!
Today's market could be more volatile then yesterday.
as the market is now at 2586 level if XAUUSD gives closing at 2592 then we should be considering buy the strong resistance at 2592 - 2593 will bounce it towards 2600 and if 2600 breaks then it would go more up to the level 2608 by retesting the level 2595, or it does'nt breaks it then move to selling because that area would be so hard for gold to breaks, and theres also an evidence of buying because the market gives a wicks towards 2570 and closes at 2576.
Further more,
for sellers if market did'nt gives closing above 2592 then we can consider selling for sure first we sell and take our tps at the level of 2577 2576 then we wait here and look what market will do if it breaks it then add more sell entries to the level of 2566 2563.
that's it for today!
selling is powerful for tomorrow lets see i'll update you guys as soon as i can.
like or follow if you guys like my idea!!
As we saw Yesterday Market was very volatile and taking sl's and giving profit!
Today's market could be more volatile then yesterday.
as the market is now at 2586 level if XAUUSD gives closing at 2592 then we should be considering buy the strong resistance at 2592 - 2593 will bounce it towards 2600 and if 2600 breaks then it would go more up to the level 2608 by retesting the level 2595, or it does'nt breaks it then move to selling because that area would be so hard for gold to breaks, and theres also an evidence of buying because the market gives a wicks towards 2570 and closes at 2576.
Further more,
for sellers if market did'nt gives closing above 2592 then we can consider selling for sure first we sell and take our tps at the level of 2577 2576 then we wait here and look what market will do if it breaks it then add more sell entries to the level of 2566 2563.
that's it for today!
selling is powerful for tomorrow lets see i'll update you guys as soon as i can.
like or follow if you guys like my idea!!
Note
as of now we should be considering selling for today then buy because the market did'nt close above 2592 it closes below that sell and hold for 4 hours!
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