XAUUSD Areas of Interest
Here are my areas of Interest for Gold - I have marked and given the prices where I will be looking for reversals. I only ever enter trades when I see clear reversals from these areas. I won't enter unless I see a shift of momentum on the smaller time time frame (1-15m for entries) for good risk/reward.
With the elections coming up, Gold could be a spicy one - so it's worth setting alerts and keeping an eye on these areas. I wouldn't recommend trading on the actual election day, though.
If Joe Biden wins the US presidential election, the US stock market (#WallStreet) will fall and the US dollar(#USD) will weaken against the other currencies, so we could see some manipulation on the Dollar before the elections (maybe strength) which will bring Gold down.
However, I have a sneaky feeling that Trump will get back into office again - which will shake up the market as Biden is poll favourite.
With the elections coming up, Gold could be a spicy one - so it's worth setting alerts and keeping an eye on these areas. I wouldn't recommend trading on the actual election day, though.
If Joe Biden wins the US presidential election, the US stock market (#WallStreet) will fall and the US dollar(#USD) will weaken against the other currencies, so we could see some manipulation on the Dollar before the elections (maybe strength) which will bring Gold down.
However, I have a sneaky feeling that Trump will get back into office again - which will shake up the market as Biden is poll favourite.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.