MORE RESOLUTION, MORE DETAILS!!! Is the trend Broken?ON XAUUSD!
The last time I predicted the 1840-1850$ area as a target which failed at 1815$ due to the breaking of SMA:27.
Now the resistance is at 1785$ where volume profile recognizes a decision making price. Now, there are two scenarios:
1/ If the price stands above the 1785$ and consolidates around, we can prepare for another buy position.
2/ If the 1780-1785$ zone is tested and broken, we can prepare for a sell position at the pullback.
Gather around and lets see what's going on with price, guys!!!
FOLLOW and leave comments, please.
There is more to say on managing the positions and saving the profit. I just mentioned one above, and there are more to come.
Now the resistance is at 1785$ where volume profile recognizes a decision making price. Now, there are two scenarios:
1/ If the price stands above the 1785$ and consolidates around, we can prepare for another buy position.
2/ If the 1780-1785$ zone is tested and broken, we can prepare for a sell position at the pullback.
Gather around and lets see what's going on with price, guys!!!
FOLLOW and leave comments, please.
There is more to say on managing the positions and saving the profit. I just mentioned one above, and there are more to come.
