XAUUSD Trend Continuation

2023년 11월 18일

Following the uptrend without any interruption can pull the price up to 2007 level which is our previous daily high where Sell Stops reside. First it may drop 1977 to cover the imbalance then continue moving up. Here it needs to keep in mind that Friday candle closed in red which may result in price pulled towards 1972 level.

We can enter long if price rejects 1977 or 1974 level with a clear indication on continuing the uptrend with a TP of 2007.

But if the price rejects from 1986.8 OrderBlock indicating to respect the OrderBlock and downward 4hr channel then we can enter short with TP of 1966.