before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates
So without further due. Keep it short/simple and to the point.
XAUUSD D1 update before market open (NEW)
IMPORTANT NOTE: neutral outlook because
I expect ranging price action.
I expect gold to me locked in range mid-term.
Range is defined by 1515 (HIGH) and 1465 (LOW).
I don't expect any breakout this week.
for short-term / daytraders best strategy:
buy low and sell high.
for position traders /investors:
accumulate near range lows (1465)
TP1 1550
TP2 1585
this move will take more time to setup/develop,
so if you are a position trader, be ready to
wait 2-4 weeks before price hits TP levels.
good luck traders!