08-21-22 XAUUSD
Support Zone
1729-1730
Resistance Zone
1759-1760
1767-1768
For Longing Strategies
Within 1-2 days, price trending downwards with important zone for major rebound = 1729-1730. Selling volume is still high, not a good time to take a position against the trend
For Shorting strategies
2h Stochastic and 4h Stochastic are still subject to a rebound to the overbought region, shorting here may have downside gains of 15-20 points but the risk of the movement swinging to the upside is also high, thus RR ratio is not in our favor. A better alternative is for 2h and 4h Stochastic to swing upwards with the price being around the 1759-1760 or 1767-1768 region for better shorting opportunities
1729-1730
Resistance Zone
1759-1760
1767-1768
For Longing Strategies
Within 1-2 days, price trending downwards with important zone for major rebound = 1729-1730. Selling volume is still high, not a good time to take a position against the trend
For Shorting strategies
2h Stochastic and 4h Stochastic are still subject to a rebound to the overbought region, shorting here may have downside gains of 15-20 points but the risk of the movement swinging to the upside is also high, thus RR ratio is not in our favor. A better alternative is for 2h and 4h Stochastic to swing upwards with the price being around the 1759-1760 or 1767-1768 region for better shorting opportunities
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.