by Saqib I, March 17, 2022
by Saqib Iqbal March 17, 2022
XAU/USD
|
Short
|
H4
H4
vsa
The upside remains limited as the volume shows no strength. After Fed’s rate hike, we see gold’s upside to be limited. And Ukraine crisis will soon reach a peace agreement. So gold’s upside may be fizzle out soon. God to sell around 1950-60.
sell on strength
1%
1950-60
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Agree on the shorts. I also trade gold as my primary instrument. Nice to see your analysis The failed breakout of 1750 was very telling. Also , the weekly close was very bearish. The daily candle from 3/18 did respect the daily support from 3/15 and 3/16. I am thinking from here it is very possible to watch gold trade in a range from about 1900 to 1950 waiting for some push outside of these areas. I am waiting for the 4 hr close beyond 1888 to the downside or 1950 to the upside to signal a breakout. Until then, I will be looking for some opportunities to buy around 1900 and sell around 1940 as price allows!!