Hello Traders,
How was your trading week and how are you wrapping up the month of May?
Comment below …
Before we close the month of May, let me share one promising setup with you.
1. XAU/USD (GOLD)
Today, Gold started today with a strong bullish move after hitting support level 1693.45.
I do not consider resistance level 1724.61 as a strong resistance level, so a reversal at this point is 50/50.
That said, we could see price move up to 1736.73 before we MAY see a bearish reversal which will most likely take price back to support level 1693.45.
That said, remember it’s Friday and the market could have its own bag of tricks, so if you are taking this trade, do so with caution.
What are your thoughts?
