Tuesday Market Analysis: XAU/USD

Hello Traders,

let’s hit them charts:

1. XAU/USD

Gold is giving us some good vibes this week.

Yesterday on gold, last week’s high was cleared by a bullish Marubozu, suggesting that buyers are preparing to take price higher.

Currently buyers are resting and probably having their last meal before going into a vicious battle, hence the consolidation. The best time to join the buyers is when breaks through the kill zone, and that may most likely happen by 11am today

What say you?

Note:

If you are interested in also becoming a funded trader, kindly use our links below and get a discount on each account you purchase

• FIDELCREST
• BLUE GUARDIAN (Use the coupon code: CRAFTER)
• GOAT FUNDED
• LARK FUNDING
• MAVEN TRADING
• THE5ERS
• ALPHA CAPITAL GROUP (Use coupon code CRAFT3R for -15% discount)
• STARTER PROP TRADER (For funded accounts)
• FUNDEDNEXT