XAUUSD Weekly Forecast 20th - 25th Jan 2020
- As 2020 starts all markets will potentially be more volatile while they settle into a good structure for the rest of the year so with all new trades make sure your risk management is on point!
- Gold has slowed down after fundamental tensions have calmed down.
- Still looking for bullish moves in the market as it seems a lot of stop hunts are being executed while holding weekly/daily support.
-Potential inverted head and shoulders pattern is occurring but will not be putting in any mire new trades till clear confirmation of the direction of the market.
- I have key levels set both ways but keeping a bias view on gold to go bullish to my first target set at 1570.00.
- For any new trades I would set my stop loss below 1535 due to any further pullbacks before continuation.
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My Weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown.
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-
Telegram -
- As 2020 starts all markets will potentially be more volatile while they settle into a good structure for the rest of the year so with all new trades make sure your risk management is on point!
- Gold has slowed down after fundamental tensions have calmed down.
- Still looking for bullish moves in the market as it seems a lot of stop hunts are being executed while holding weekly/daily support.
-Potential inverted head and shoulders pattern is occurring but will not be putting in any mire new trades till clear confirmation of the direction of the market.
- I have key levels set both ways but keeping a bias view on gold to go bullish to my first target set at 1570.00.
- For any new trades I would set my stop loss below 1535 due to any further pullbacks before continuation.
.
.
My Weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown.
-
-
Telegram -
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