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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.