My view on XAUUSD, 1690 is the current support. the market might open with a gap due to the several news last week, if the gap breaks the support at 1990 or market opened below the support I will be looking to short XAUUSD once i get my confirmations.
while the second scenario might be that market will open above the support 1690, if price continues to trade above 1690. in the case I will be looking to go long back to 1715, from the reaction at 1715 will determine if XAUUSD will drop further down or trade above this price point.
this is my own simple idea for XAUUSD
stay tuned for active trade setups and regular updates as i place my own trades
while the second scenario might be that market will open above the support 1690, if price continues to trade above 1690. in the case I will be looking to go long back to 1715, from the reaction at 1715 will determine if XAUUSD will drop further down or trade above this price point.
this is my own simple idea for XAUUSD
stay tuned for active trade setups and regular updates as i place my own trades