FX.co ★ XAU/USD
Trader Journals:::
XAU/USD
With Columbia, of course, it turned out funny. They tried to counter Trump with something, not to let planes in, but as soon as he introduced tough measures on the country's leadership and goods, they immediately sent a government plane for their citizens, most of whom are probably bandits of various sorts, which is why they didn't want to accept them in the first place. As for Gold, I already thought that buyers would update the maximum, there were about 30-50 points left, but sellers added intrigue, not letting buyers in and forming a rollback. Buyers were able to return about half of this fall back, and now for a new attempt to rewrite the historical minimum they need to break through and consolidate behind the level of 2785.89. If we consider the option with a price fall, then sellers will need to break through and consolidate below the level of 2730.34, in case of success, the first target can be considered the level of 2689.12. Pair XAUUSD M30: 1 - Yesterday, there was a forecast for an entry point for purchases from the level of 2747.00 for Gold, the price broke through this level and was able to reach the first target at the level of 2757.00. 2 - If we talk about the situation on the tapes, the price is trying to form an exit towards the lower tape. In order to get a quality signal for the price to fall, we should wait for an active exit beyond the lower band, and then evaluate whether the bands will open outward or not. 3 - The AO indicator is near the zero mark and does not give us any signals. It would be best to wait for an active increase in the positive or negative area, which will allow us to talk about the probable price movement in the direction of this increase. 4 - The entry point for sales can be considered from the level of 2757.00, a price drop during a breakout and consolidation can be expected to the marks of 2747.00 and 2737.00. 5 - Purchases in the current conditions can be located at the level of 2767.00, the price growth can continue to the marks of 2777.00 and 2787.00.