XAUUSD Trend Analysis Week of Mar. 25th
Weekly=Bullish.
Daily=Bullish.
4H=Bullish.
Major rejection on higher time frame but market is still overall bullish.
As long as the 4h maintains bullish structure look for buys.
Currently 4h is in a deep pullback to 78.6% & 88.6% fib level.
Because of Major rejection on higher time frame I would only use 0% (top of Fib) & -23.6% as TP levels. Just in case price decides to go up to those areas again and reject. May see shift of structure soon on 4H.
Daily=Bullish.
4H=Bullish.
Major rejection on higher time frame but market is still overall bullish.
As long as the 4h maintains bullish structure look for buys.
Currently 4h is in a deep pullback to 78.6% & 88.6% fib level.
Because of Major rejection on higher time frame I would only use 0% (top of Fib) & -23.6% as TP levels. Just in case price decides to go up to those areas again and reject. May see shift of structure soon on 4H.
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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.