Gold trending up again
#XAUUSD (GOLD):
(1D):
The higher timeframe is seeing a market switch to bullish again, after a prolonged bearish sentiment, being reflected in this complex correction, which created a bearish channel. My bias is bullish, as the price is trying to break it.
(4H):
Looking at market structure, the bullish series of highs and lows is crystal clear, and right now we are seeing the price retracing again. A possible retest area would be previous high.
(1H):
Looking for entry, we are seeing the price re-accumulating in a small triangle, which wouldn't give us an optimal RR. The reason is the strong resistance and psychological level at 1900. If we get a break of that, i will long for more bullish continuation
(1D):
The higher timeframe is seeing a market switch to bullish again, after a prolonged bearish sentiment, being reflected in this complex correction, which created a bearish channel. My bias is bullish, as the price is trying to break it.
(4H):
Looking at market structure, the bullish series of highs and lows is crystal clear, and right now we are seeing the price retracing again. A possible retest area would be previous high.
(1H):
Looking for entry, we are seeing the price re-accumulating in a small triangle, which wouldn't give us an optimal RR. The reason is the strong resistance and psychological level at 1900. If we get a break of that, i will long for more bullish continuation
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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.