Like DXY and EURUSD, XAUUSD is currently in a triangle side way range. Should stay out of gold now and wait for a strong breakout indicating the next move of gold.
There are 2 direction:
- If gold break above resistance level - previous Lower High (level 1290) then looking for long opportunity
- If gold break below resistance level - previous Lower Low (level 1266) then looking for short opportunity
Right now, the advise is staying out and wait for the big catch
There are 2 direction:
- If gold break above resistance level - previous Lower High (level 1290) then looking for long opportunity
- If gold break below resistance level - previous Lower Low (level 1266) then looking for short opportunity
Right now, the advise is staying out and wait for the big catch
