From daily XAUUSD chart, with Heikin Ashi candlesticks ( very good at reversal in directions, but start at previous candle during real time). What do you see that happens in big picture on chart:
1) Bollinger band extremes a doji HA candlestick shows up, before reversal happens. GET READY!!
2) On RSI either PRICE ACTION is overbought or oversold, now under 30 or oversold.
3) On previous HA candlestick, before HA doji candlestick appears (put a yellow box over price action). GET SET!!
4) Once daily price action ends up closing out of box, that is confirmation of trend reversal with gold. GO!!
What is going with gold now, per chart?
* Gold is in a bearish trend now, on daily chart with HA candlesticks. Wait until a doji HA candlestick shows up, put a yellow box over previous candlestick and then when price action closes out of this box to the top, new bullish trend has started.
After daily yellow price action box is made, then go to shorter time frame charts and set up bullish trades out of top of box. Keep it simple is my goal when trading, it works too. Good luck and stay safe, with health and wealth.
1) Bollinger band extremes a doji HA candlestick shows up, before reversal happens. GET READY!!
2) On RSI either PRICE ACTION is overbought or oversold, now under 30 or oversold.
3) On previous HA candlestick, before HA doji candlestick appears (put a yellow box over price action). GET SET!!
4) Once daily price action ends up closing out of box, that is confirmation of trend reversal with gold. GO!!
What is going with gold now, per chart?
* Gold is in a bearish trend now, on daily chart with HA candlesticks. Wait until a doji HA candlestick shows up, put a yellow box over previous candlestick and then when price action closes out of this box to the top, new bullish trend has started.
After daily yellow price action box is made, then go to shorter time frame charts and set up bullish trades out of top of box. Keep it simple is my goal when trading, it works too. Good luck and stay safe, with health and wealth.