#XAUUSD
Morning everyone 🌞🌞 last week we had Flash Services PMI news on Friday. Gold was almost going sideway the whole day before the news came out. It flied up from 1782 to 1793, around 100 pips, I think it was quite easy to guess if you do know well about TA (technical analysis). 30 mins after it reached the top, price fell back but the trend line and EMA 200 did well its duty – lifted Gold up, so it couldn’t fall down deeper.
As you guys can see in my chart, Price just broke out the old resistance 1794 and now retesting the trend line. There are 2 scenarios for Gold today in my opinion:
+1st (green arrow): breaking out the green trend line and head to the white one.
+2nd (red arrow): it’s a fake break, fall back through 1794, next top will be right EMA 200 and the trend line.
This is the last week before Christmas, be careful because liquidity is low these days, let’s have some small profits then enjoy holidays.
Good luck guys ! Have a great trading day ahead. 🌹🌹❤️❤️
Jolie Do:
Forex Trading Specialist/ Relationship Manager at ForexCEC - DNBC Global Markets.
ForexCEC - DNBCグローバルマーケットの外国為替取引スペシャリスト/顧客関係マネージャー
Message me to discuss more. ❤️
#forex #trading #外国為替取引 #金融投資 #フォレックス #forexcec #dnbcglobalmar
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