XAUUSD (GOLD) needs exhaustion
#XAUUSD (GOLD):
*(1D):
Gold has seen very hard drops recently, reaching the point of bias switch to bearish. However, after the descending triangle break we could see a retest. So nothing is excluded.
For these reasons, i'm looking for bearish opportunities only.
*(4H):
Looking closer, structure is confirming the bias, with a clear series of Lower Highs and Lower Lows. Again, bearish confirmation.
*(1H):
Last consolidation above 1800 monthly support (now resistance) led to a massive drop on the breakout. After such a move it is physiological to expect a retrament. This what we are waiting for indeed.
A continuation pattern to the downside.
*(1D):
Gold has seen very hard drops recently, reaching the point of bias switch to bearish. However, after the descending triangle break we could see a retest. So nothing is excluded.
For these reasons, i'm looking for bearish opportunities only.
*(4H):
Looking closer, structure is confirming the bias, with a clear series of Lower Highs and Lower Lows. Again, bearish confirmation.
*(1H):
Last consolidation above 1800 monthly support (now resistance) led to a massive drop on the breakout. After such a move it is physiological to expect a retrament. This what we are waiting for indeed.
A continuation pattern to the downside.
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.