XAUUSDXAUUSDXAUUSDXAUUSDXAUUSDXAUUSDMarket moves on zig zag not straight Up
A correction is a must
Technical :
Support :
-1830
-1810
Resistance :
-1870
-1890
Fibonacci / Important Levels :
50.0 : 1785
61.8 : 1747
Fundamental :
-The whole move was caused by USD (Unemployment Data)
-DXY Dumped (it needed a correction anyway)
-It pumped more than expected (Manipulation / SL Hunt / Liquidation / Fear)
-It Broke Trend line (if it stays there above the trend line for 2 Days till 14/March then the trend is confirmed (Bullish)
Emotional :
-Greed | Euphoric / Bulls
-Sellers Fear / Bears
-Hope / Bears
-Ego /Bulls
Keep An eye :
-14 March CPI Data
-15 March PPI
A Dump is possible by 14 March/Tuesday (CPI)
This idea is invalidated If (Gold Stays above trend line 1840+ Until Wednesday 15/March)
*This is not an financial advice (Please make sure to follow your own Analysis)
*If you believe the idea is good show some support to keep me motivated for more ideas
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.