XAUUSD Analysis
We are on a downward trend. The price is now in a consolidation zone.
As we see in the recent past, the price has created a double bottom and has been rejected when retesting the weekly and daily trendline and my round number,
So we are still in an undecided market.
We are waiting for the market to offer us opportunities here. if the current price breaks the 1795 area and retests my round number and consolidation box we will look for Buy until the 1840 area.
And if the price fails to break the area to have shopping and creates a downward trend in smaller timeframes we will look for Sell setups until the 1740 area.
If you like how I explained this analysis I would appreciate a like / share / comments.
The analysis was made starting from the Weekly timeframe.
Next we will look for some Sniper entries <3
Happy 1 May to everyone!
As we see in the recent past, the price has created a double bottom and has been rejected when retesting the weekly and daily trendline and my round number,
So we are still in an undecided market.
We are waiting for the market to offer us opportunities here. if the current price breaks the 1795 area and retests my round number and consolidation box we will look for Buy until the 1840 area.
And if the price fails to break the area to have shopping and creates a downward trend in smaller timeframes we will look for Sell setups until the 1740 area.
If you like how I explained this analysis I would appreciate a like / share / comments.
The analysis was made starting from the Weekly timeframe.
Next we will look for some Sniper entries <3
Happy 1 May to everyone!
Penafian
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