XAUUSD:
I still keep my trading plan which is to enter to the XAUUSD market on the long side of the story at around 1180 or even bellow that level.
When XAUUSD is oversold, there is always a little jump upward, but yet, nothing justify to go above 1313, and my personnal reference is 1303.
1313, 1330, and 1350 are solid resistance level. Therefore, you need a big momentum starting for very low on indicators in order to break this level, and the season of the market, the timing is not yet accurate for that.
Therefore on the big picture, XAUUSD remain for non stable non predictable commodities that need to stabilize at around 1180.
When XAUUSD is oversold, there is always a little jump upward, but yet, nothing justify to go above 1313, and my personnal reference is 1303.
1313, 1330, and 1350 are solid resistance level. Therefore, you need a big momentum starting for very low on indicators in order to break this level, and the season of the market, the timing is not yet accurate for that.
Therefore on the big picture, XAUUSD remain for non stable non predictable commodities that need to stabilize at around 1180.
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