XAUUSD update
Hello !
- Gold has bounced strongly from the 1680 support area on the weekly time frame
- Looking at the data on the hourly time frame, gold still shows a bullish zone to 1812-1824
- On the larger time frame, the data still has a strong correction 1536
Plans:
- For day traders (short-term intraday trades): Prioritize Buy positions, target 1812-1824
- For medium-term traders: wait for the breakdown structure at 1812-1824, to open a sell position
Note:
+ It will take about 2-3 weeks for the data of the time frames to be in phase with each other
+ Currently the price is in an unsafe trading zone, everyone should be careful, and manage risk
Hello !
- Gold has bounced strongly from the 1680 support area on the weekly time frame
- Looking at the data on the hourly time frame, gold still shows a bullish zone to 1812-1824
- On the larger time frame, the data still has a strong correction 1536
Plans:
- For day traders (short-term intraday trades): Prioritize Buy positions, target 1812-1824
- For medium-term traders: wait for the breakdown structure at 1812-1824, to open a sell position
Note:
+ It will take about 2-3 weeks for the data of the time frames to be in phase with each other
+ Currently the price is in an unsafe trading zone, everyone should be careful, and manage risk
www.tradingview.com/...XAUUSD-trading-plan/