Most traders panic when gold pulls back. Smart traders sees it as a gift.
Right now, $XAUUSD looks bullish, but I'm expecting a liquidity grab, and an imbalance fill before price pushes higher.
This is the kind of setup that separates reactive traders from prepared ones.
@LinkedInHelp my LinkedIn account was restricted last year, and till now you haven't given me access back to the account even after several uploads of my Voters Card and NIN. I got tired and created a new account last year and it got restricted too. What can I do at this point?
if EU breaks the current high @ 1.1824 then it should trade to the next resistance level @ 1.2200 and we should hopefully see a reaction at that level with a little retracement to the 1.2000 level and a buy continuation to the 1.2400 level.
GBPUSD seems to have approached a resistance level which made a slight retracement but I'm expecting a bounce at the trendline after a possible sweep of liquidity and a buy continuation. In a few days to come GU should buy up to 1.4000 level.
Gold is currently on a bulkish trend and is also trading within a bullish penant pattern which signifies a continuation of the initial trend. If prices breaks out from the upside then we should see gold rise to around 4000