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
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.