Trades of the Day
16 November
Trade of the Day: XAUUSD H1
The momentum for XAUUSD is still uptrend
Yesterday, the price managed to break the resistance line and the momentum slowdown for today.
Now, we are waiting for the confirmation of the trend, either the price continues the uptrend or the price break below the support zone and reverse to downtrend.
If the price breaks the current support zone, it is possible to look for the reconfirmation when the price pullback to the support become resistance zone to look for entry.
If the price unable to break the current support zone, we will look for the Long Position.
Trade of the Day: WTI H1
The momentum for WTI is still downtrend
Yesterday, the price unable to break above the trendline.
Currently we are waiting for the confirmation of the trend and whether it can break the current downtrend situation.
If the price breaks the current support zone or trendline, it is possible to look for the reconfirmation when the price pullback to the support become resistance zone to look for entry.
If the price unable to break the current support zone, we will look for the Long Position.