XAUUSD Approaching the Zone and Entry Triggered Update(12.5.21)
Hello Everyone Yesterday Analysis on Gold approaching as we Analyzed! The Daily Candle did close below 40% of the Previous Engulfing Body, If we measure the Retracement of the Previous impulsive leg there we can see the market lining up the 50% retracement level+Previous support turns resistance and shooting star candle closing below our mark level in the H1 chart gives us nice opportunity to ride the trend of BC leg as AB=CD as shown in the chart! In the H4 Chart market growing as a Trending channel so the lower trendline testing,61.8 retracement of the previous daily impulsive +AB=CD validation will gives us strong next move to the upside.
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Now if u like this free analysis, give a tip n follow will improve the next step
thanks to all
We help all the traders who r not profitable and who had to face lots of problems with their financial statement and income.
We know cause we were there at some point!
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