Gold (XAUUSD) trading opportunities for the April 2016

Breaking below bearish channel would depreciate price of xauusd to much lower levels, but for now we're still in it and h4 candle with double bottom from new support line giving nice chances for bull's to ride 1260, also it would similar angle for diamond top formation and meaning reverse of gold to hard downtrend and invalidate breaking the wedge on 1W and 1M timeframes.
Trade levels and S&R zones are marked by color.
Good luck and happy trading everybody.
P.S. my stops should be much smaller cause would use smaller time-frame for more precise enter to position

تعليق:

Made much simplier charting with clear IMPORTANT XAUUSD S&R lines.
Would be glad for comment and critics.

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Target reached so i closed my long and waiting for opportunity to short