Hello Traders,
let’s hit them charts:
1. XAU/USD
Last week Gold created a new high (3004.85) before we saw a pullback which led into a consolidation.
This week I will be waiting to see if there would be a reversal within the consolidation. If that happens, I wil wait for last week’s high to get broken before joining the buyers
If that doesn’t happen and price goes below the consolidation zone, then I wil wait for price to reach the previous resistance zone and see if we can get a reversal there to join buyers back to the consolidation zone
2. GBP/NZD
Last Friday we saw GBP/NZD price drop over 254 pips
Price is almost approaching a key support zone. I will be waiting to see how it reacts when it gets there. A reversal would mean me joining the buyers back to NPRZ
What say you?
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