XAU/USD 11.24.21

25 Nov 2021

From my previous post, the possible bullish reversal we thought we were going to have didn't happen, the two 4hr candles didn't occur therefore we continued our bearish movement. Which was a big move, we went from 1845 to 1807. Currently we are sitting in a zone where the market is consolidating, tomorrow is a USD holiday(thanksgiving) which it wouldn't have much movement and will be slow. IF anything happens, we need to wait until Friday or Thursday night (during Asian session) or early Friday morning (during London opening) and this will lead us to New York session, to see major movement and indication to where we going. I wouldn't do any trades below 1796.20 if you planning to do a buy (with bullish 4hr and 1hr candles) and nothing above 1782.26 if you planning to do a sell (need to have bearish 4hr and 1hr candles)-NOT A FINANCIAL ADVISOR, THIS IS ONLY FOR ENTERTAINMENT PURPOSE. TRADE AT YOUR OWN RISK.