What information can we get on XAUUSD:
1. Rejection of price from Daily and Weekly support level
2. I draw two resistant trendline to measure a breakout
Ideas for entry:
a. I'll probably looking for Long opportunity at the first resistant trendline OR
b. I wait for the price action at the 2nd resistant trendline. I'll aiming for Long position if the price break this trendline
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Rejection of price from Daily and Weekly support level
2. I draw two resistant trendline to measure a breakout
Ideas for entry:
a. I'll probably looking for Long opportunity at the first resistant trendline OR
b. I wait for the price action at the 2nd resistant trendline. I'll aiming for Long position if the price break this trendline
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension