Chart Analyst
Price Speculator
My analysis is for informational purposes only and should not be considered financial advice. I am not a financial advisor.
If XAUUSD’s daily candle fails to show resistance, we can expect a drop toward 4365 next week. If 4365 fails to hold, the next target is the 4250 psychological level. 7🤝
Don’t dwell on losses. Stay focused and keep showing up. After a tough day yesterday, we’re back on track. XAUUSD kept dropping after hitting our target. Be great at what you do. 7🤝
XAUUSD Recap
- Trades: 3 entries total - 1 long, 2 short
- Outcome: First 2 entries stopped out at SL. Third entry hit TP.
Analysis: Price breaking below the buy zone signaled a directional shift. We anticipated a move down toward the nearest swing low. 7🤝
XAUUSD Trade Recap
- 3 entries total: 2 long, 1 short
- Entry 1: 1:2+ R:R
- Entry 2 (Short): 1:3+ R:R. Trend line break confirmed the sell setup
- Entry 3: 1:1 R:R
We are expecting a strong move in either direction before EOW or early next week. 7🤝
Price narrowly missed our entries before accelerating in the expected direction. We also entered a buy following a rejection at the 61.80% Fibonacci level. 7🤝