Sign In with Google
Sign In with Facebook
We are analyzing the activity of high frequency trading algorithms this morning and note that Gold (XAU/USD) could provide attractive trade setups in the session ahead.
The precious metal is so far trading between the two light HFT zones, ahead of the closely watched and potentially highly impactful US CPI inflation report later today.
The two HFT zones are located at these levels today:
- light HFT selling pressure zone at 1837.62 and above
- light HFT buying pressure zone at 1826.38 and below.
Traders will be on the lookout for potential trade setups if either one of these HFT zones is reached.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
