XAUUSD Trading Idea 25/11/2024
Overall Trend: The chart shows an initial downtrend followed by a corrective uptrend, indicating a potential reversal from the bearish momentum.
Sentiment: 40 (Moderately Bullish)
Patterns: Head and Shoulders Bottom, Bullish Engulfing, Ascending Triangle
Strategy: Look for a breakout from the Ascending Triangle pattern and go long with a stop below the recent swing low. Target the measured move projection from the Head and Shoulders Bottom and previous resistance levels for take profits.
Sentiment Analysis: The recent price action suggests a shift in market sentiment from bearish to bullish as buyers have stepped in after the downtrend, forming a potential reversal pattern.
Market Structure: The chart shows a clear swing low formed after the initial sell-off, followed by a series of higher lows and higher highs, indicating a developing uptrend. Key resistance levels to watch are the previous swing highs.
Sentiment: 40 (Moderately Bullish)
Patterns: Head and Shoulders Bottom, Bullish Engulfing, Ascending Triangle
Strategy: Look for a breakout from the Ascending Triangle pattern and go long with a stop below the recent swing low. Target the measured move projection from the Head and Shoulders Bottom and previous resistance levels for take profits.
Sentiment Analysis: The recent price action suggests a shift in market sentiment from bearish to bullish as buyers have stepped in after the downtrend, forming a potential reversal pattern.
Market Structure: The chart shows a clear swing low formed after the initial sell-off, followed by a series of higher lows and higher highs, indicating a developing uptrend. Key resistance levels to watch are the previous swing highs.
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.