Hi All,
XAUUSD is currently in a downtrend Trading within the trend channel.
Currently I can see why other traders have choosen to Short but I'm still Long.
1W RSI shows oversold. XAUUSD could touch 1194 - 1179, before potential reversal.
It's All in the chart.
Keep in Mind when trading:
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
1D Chart:
4HR Chart
XAUUSD is currently in a downtrend Trading within the trend channel.
Currently I can see why other traders have choosen to Short but I'm still Long.
1W RSI shows oversold. XAUUSD could touch 1194 - 1179, before potential reversal.
It's All in the chart.
Keep in Mind when trading:
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
1D Chart:
4HR Chart
