XAUUSD | New perspective | follow-up details for FOREXCOM:XAUUSD by darcsherry

Following a massively profitable week for us (see the link below for reference purposes); The Gold tumbled almost 3% on Friday after a blockbuster U.S. jobs report for January which came in with whopping 517,000 jobs hereby triggering profit-taking activities on the yellow metal’s long-running rally since the beginning of the year. Price is currently trading at a critical point where the bullish trendline and the $1,860 share a confluence on the daily timeframe . This video illustrates the technical perspective of the current market structure to figure out trading opportunities for the new week.


Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.

You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.

I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.

Past performance is not necessarily indicative of future results.

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