Hi,
today short update to the gold analysis posted exactly one month ago here
In short, on 9th April 2017 I mentioned gold has hit potential supply zone based on weekly chart:
and we are approaching possible demand on daily ( within weekly zone :) ) available above as well as on the new chart below:
Gold ( XAUUSD ) todays daily chart:
So, where from here ?
Medium/long term we do expect further downside as shown above but near term "Dead Cat Bounce" possible ( hence, if you are short watch around for possible reversal and manage position accrodingly ).
Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Happy Trading
Mr Price Action
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com
today short update to the gold analysis posted exactly one month ago here
In short, on 9th April 2017 I mentioned gold has hit potential supply zone based on weekly chart:
and we are approaching possible demand on daily ( within weekly zone :) ) available above as well as on the new chart below:
Gold ( XAUUSD ) todays daily chart:
So, where from here ?
Medium/long term we do expect further downside as shown above but near term "Dead Cat Bounce" possible ( hence, if you are short watch around for possible reversal and manage position accrodingly ).
Join Us:
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Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Happy Trading
Mr Price Action
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com
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