Noticed this on the 1 hour. It also appears on the 4 hour. Due to Geopolitical disasters I still think the trend is bullish. However, the appearance of the H&S and hot data makes me think the there may be a trend downwards soon. And last NFP was a freak as usual rules broken... Thoughts anyone? Reckon if tomorrow's numbers print hot then it's a free fall?...
OANDA:XAUUSD Gold to trend up crossing 200SMA to 1830 before 12/01/2022. Once reached, then possibly downtrend resumes. Analysis based upon current risk sentiments, moving averages and so on. I'm already in the trade but not quite at figures quoted on chart.
Hello! I'm a total rookie when it comes to trading, this is the first idea i'm sharing.... so you've been warned! mwah hahaha (gulp) Would be great to see comments on this idea for a very short-term risky long position from market open to a longer-term (weekly) short from R Line. I'm expecting NFP to be positive enough to make a difference this month......