Gold's ATH is still above
The analysis that we did last week is still working here. So, we will go with the same strategy on Monday
Instrument: [XAUUSD]
Time Frame: D1 Chart
Observations:
1. Identified strong Resistance and Support zones within a parallel channel flow.
2. Trend has consistently respected Resistance Zone 3 and Support Zone 4 times with instances of reversal.
4. Price reversed to Bullish last week upon hitting the support zone 2600_2605
5. Current price action shows respect for the Resistance zone that is lying in the zone 2642_2648.
6. As we are observing EMAS also indicates up trend but for short period of time
Trading Strategy:
Sell enter zone: 2742 - 2748
SL: 2755
TP: 2708 - 2702
Instrument: [XAUUSD]
Time Frame: D1 Chart
Observations:
1. Identified strong Resistance and Support zones within a parallel channel flow.
2. Trend has consistently respected Resistance Zone 3 and Support Zone 4 times with instances of reversal.
4. Price reversed to Bullish last week upon hitting the support zone 2600_2605
5. Current price action shows respect for the Resistance zone that is lying in the zone 2642_2648.
6. As we are observing EMAS also indicates up trend but for short period of time
Trading Strategy:
Sell enter zone: 2742 - 2748
SL: 2755
TP: 2708 - 2702
🪙Join Our Free Telegram Channel 👇👇
t.me/+fwnX8v6nSo5kZGE0
t.me/+fwnX8v6nSo5kZGE0
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.