#XAUUSD
Morning everyone 🌞🌞 yesterday was savage, after 2 day going sideway in zone of 1812 – 1821. Gold fluctuated so hard, it broke out 1812 major support at first, then fall straight to the down side. It even broke out all the huge supports below such as 1807, 1800, 1795, 1791 and finally stopped at 1785 ( the old bottom before it flied to 1821). This is a lesson for us, when you see markets going side for a quite long time about 2 days or more without any fluctuation. The first thing you must do is to determine the major support and resistance, draw a box for the price. Once it break out of the box with strong power of selling or buying, you gotta follow the flow, it will be a huge profit for you guys.
For Gold today, the green arrow is my opinion. Same as 2 days ago, after a big fluctuation, it needs time to retest and determine a new trend, so I think today will have nothing special. 1800 will be the top for Gold today, we can sell around here, scalp some pips and quit. DON'T BE TOO GREEDY, don't hold a position too long at this time, it's not safe at all.
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. ❤️
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