XAUUSD FUTURES 7/30/2024
XAU/USD Update:
Current Stance: I am maintaining a bullish outlook on XAU/USD. The cycle template was updated yesterday, though I faced posting limits on TradingView.
Market Structure:
Accumulation Phase: The market seems to be at a pivotal point, suggesting that the accumulation phase has been successful. We appear to be on the verge of a new market phase.
Wave Analysis: I am anticipating the onset of Wave 3 this week. Key flip points have been reached, confirming a reversal to the upside.
Execution Plan:
Bullish Positioning: Given the successful accumulation and confirmation of the upward reversal, I will continue to position for a bullish trend.
Monitoring: Keep an eye on price action for further confirmation of Wave 3 and adjust positions as needed.
Next Steps: Watch for developments that confirm the continuation of the bullish trend and prepare for potential trading opportunities within Wave 3. Stay updated on any factors that might influence gold prices and adjust strategies accordingly.
Current Stance: I am maintaining a bullish outlook on XAU/USD. The cycle template was updated yesterday, though I faced posting limits on TradingView.
Market Structure:
Accumulation Phase: The market seems to be at a pivotal point, suggesting that the accumulation phase has been successful. We appear to be on the verge of a new market phase.
Wave Analysis: I am anticipating the onset of Wave 3 this week. Key flip points have been reached, confirming a reversal to the upside.
Execution Plan:
Bullish Positioning: Given the successful accumulation and confirmation of the upward reversal, I will continue to position for a bullish trend.
Monitoring: Keep an eye on price action for further confirmation of Wave 3 and adjust positions as needed.
Next Steps: Watch for developments that confirm the continuation of the bullish trend and prepare for potential trading opportunities within Wave 3. Stay updated on any factors that might influence gold prices and adjust strategies accordingly.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.