XAUUSD - 2024/08/29
The target from yesterday was hit just now.
TECHNICALS:
Daily, 4h and 1h timeframe all still bullish, there is no reason to move against the trend, the trend is your friend. Today we can see that we have formed a new volume buy zone where can look to execute our longs.
We can expect a pullback back into the zone then after getting our confirmation candle we can move further up.
FUNDAMENTALS:
Still the same outlook as what i had yesterday, today however we do have US jobless claims and GDP that will provide a lot of volatility in the Gold market.
OVERALL BIAS:
Still bullish.
TECHNICALS:
Daily, 4h and 1h timeframe all still bullish, there is no reason to move against the trend, the trend is your friend. Today we can see that we have formed a new volume buy zone where can look to execute our longs.
We can expect a pullback back into the zone then after getting our confirmation candle we can move further up.
FUNDAMENTALS:
Still the same outlook as what i had yesterday, today however we do have US jobless claims and GDP that will provide a lot of volatility in the Gold market.
OVERALL BIAS:
Still bullish.
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