The decision of the daily and weekly candles to close bullish shows a clear indication of further bullish intentions.
As visible on the chart, Price has been ranging after mitigating a 4 hour Fair Value Gap and has stayed within the range. However, since it'll eventually have to make a decision, the possibility of a more upside movement appears to be more likely.
Moreover, fundamentally, the rising geopolitical tensions further fuels its bullish fire as the demand for the favorite safe-haven asset increases - Gold.
Furthermore, technically visible trading opportunities are visible on the chart - However, we may face a pull back at the Supply zone above current price as the 15 minute chart shows bearish divergence on the RSI. As a result, the occurrence of price making a higher high and the RSI making a Lower High heightens the possibility of a pull back to the Mitigation Block/ RBS (Resistance became Support) Zone of 3384-8867. Should price make a further drop below this level, a deeper fall may be anticipated.
Always put your equity first, As tough as trading is, the upside is that opportunities always appear in the market. Don't blow your account and emotional balance on a trade or trade idea, another will come, maybe even better. Manage risks. Wish you success.
As visible on the chart, Price has been ranging after mitigating a 4 hour Fair Value Gap and has stayed within the range. However, since it'll eventually have to make a decision, the possibility of a more upside movement appears to be more likely.
Moreover, fundamentally, the rising geopolitical tensions further fuels its bullish fire as the demand for the favorite safe-haven asset increases - Gold.
Furthermore, technically visible trading opportunities are visible on the chart - However, we may face a pull back at the Supply zone above current price as the 15 minute chart shows bearish divergence on the RSI. As a result, the occurrence of price making a higher high and the RSI making a Lower High heightens the possibility of a pull back to the Mitigation Block/ RBS (Resistance became Support) Zone of 3384-8867. Should price make a further drop below this level, a deeper fall may be anticipated.
Always put your equity first, As tough as trading is, the upside is that opportunities always appear in the market. Don't blow your account and emotional balance on a trade or trade idea, another will come, maybe even better. Manage risks. Wish you success.
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.