XAUUSD-H4.Trend Analysis. 2020/05/02
SYM: XAUUSD-H4
Time: 2020/04/25 00:00:00 UTC
Trend Analysis
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.
Term-------------------------- Trend
Short (STTL)................. Mid Bearish
Mid (MTTL)................. Mid Bullish
Long(LTTL)................. Mid Bullish
o The most recently confirmed Uptrend line in Long Term for XAUUSD_H4 is Mid Bullish-LTTL2. It was made at 1566.79, 131 candles ago, and confirmed at 1672.61,3 candles ago. A break below this trend line (particularly on heavy volume) would be a Bearish sign.
o The most recently confirmed Downtrend line in Mid Term for XAUUSD_H4 is Mid Bearish-MTTL2. It was made at 1745.48, 79 candles ago, and confirmed at 1732.32,32 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o XAUUSD_H4 broke below the Strong Bullish-LTTL1 at 1710.96, 64 candles ago. This is a Bearish sign. The volume on the candle of the breakout was neither extremely heavy nor extremely light (18% above average). The previous Bullish Trend may now provide upside Resistance.
o XAUUSD_H4 broke above the Strong Bullish-LTTL1 at 1710.45, 40 candles ago. This is a Bullish sign. The volume on the candle of the breakout was neither extremely heavy nor extremely light (18% above average). The previous Bearish Trend may now provide Downside Support. This Line played Support role at 1691.42, 21 candles ago and at 1670.73, 3 candles ago.
o The most recently confirmed Downtrend line in Short Term for XAUUSD_H4 is Mid Bearish-STTL. It was made at 1732.32, 32 candles ago, and confirmed at 1718.69,8 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o The current market condition for XAUUSD_H4 is: Neutral
• The close is currently below its 30 periods moving average. Prices broke below 30 periods moving average at 1714.46, 8 candles ago. This is a Bearish sign. The volume on the candle of the breakout was heavy (75% above average). This moving average line may now provide Upside Resistance.
• The close is currently below its 90 periods moving average. Prices broke below 90 periods moving average at 1704.11, 7 candles ago. This is a Bullish sign. The volume on the candle of the breakout was heavy (90% above average). This moving average line may now provideUpside Resistance.
• The close is currently above its 200 periods moving average. Prices broke above 200 periods moving average at 1594.56, 164 candles ago. This is a Bullish sign. The volume on the candle of the breakout was Light (30% Below average). This moving average line may now provide downside Support.
• Supports and Resistance
Supports
Price-------------------------- Power
1701.09................. Weak/A
1684.63................. Weak/A
1666.38................. Very Weak/A
1643.54................. Weak/B
1618.39................. Mid
Resistances
Price-------------------------- Power
1734.47................. Weak/B
1753.31................. Weak/B
1781.20................. Mid
1812.01................. Weak/B
1892.04................. Weak/A
o XAUUSD_H4 broke above the upside Weak Resistance level of 1684.63, 2 candles ago. This previous resistance level of 1684.63 may now provide downside support. Volume on the candle of the breakout was so heavy (130% above average)
o The most recently confirmed downside Mid Support level for XAUUSD_H4 is around 1618.39. and we will expect that price has some difficulties to fall below this level. A break below this level (particularly on heavy volume) would be a Bearish sign.
o The most recently confirmed Upside Mid Resistance level for XAUUSD_H4 is around 1734.47, and we will expect that price has some difficulties to break up this level.
http://fxorbital.com/
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.
Time: 2020/04/25 00:00:00 UTC
Trend Analysis
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.
Term-------------------------- Trend
Short (STTL)................. Mid Bearish
Mid (MTTL)................. Mid Bullish
Long(LTTL)................. Mid Bullish
o The most recently confirmed Uptrend line in Long Term for XAUUSD_H4 is Mid Bullish-LTTL2. It was made at 1566.79, 131 candles ago, and confirmed at 1672.61,3 candles ago. A break below this trend line (particularly on heavy volume) would be a Bearish sign.
o The most recently confirmed Downtrend line in Mid Term for XAUUSD_H4 is Mid Bearish-MTTL2. It was made at 1745.48, 79 candles ago, and confirmed at 1732.32,32 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o XAUUSD_H4 broke below the Strong Bullish-LTTL1 at 1710.96, 64 candles ago. This is a Bearish sign. The volume on the candle of the breakout was neither extremely heavy nor extremely light (18% above average). The previous Bullish Trend may now provide upside Resistance.
o XAUUSD_H4 broke above the Strong Bullish-LTTL1 at 1710.45, 40 candles ago. This is a Bullish sign. The volume on the candle of the breakout was neither extremely heavy nor extremely light (18% above average). The previous Bearish Trend may now provide Downside Support. This Line played Support role at 1691.42, 21 candles ago and at 1670.73, 3 candles ago.
o The most recently confirmed Downtrend line in Short Term for XAUUSD_H4 is Mid Bearish-STTL. It was made at 1732.32, 32 candles ago, and confirmed at 1718.69,8 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o The current market condition for XAUUSD_H4 is: Neutral
• The close is currently below its 30 periods moving average. Prices broke below 30 periods moving average at 1714.46, 8 candles ago. This is a Bearish sign. The volume on the candle of the breakout was heavy (75% above average). This moving average line may now provide Upside Resistance.
• The close is currently below its 90 periods moving average. Prices broke below 90 periods moving average at 1704.11, 7 candles ago. This is a Bullish sign. The volume on the candle of the breakout was heavy (90% above average). This moving average line may now provideUpside Resistance.
• The close is currently above its 200 periods moving average. Prices broke above 200 periods moving average at 1594.56, 164 candles ago. This is a Bullish sign. The volume on the candle of the breakout was Light (30% Below average). This moving average line may now provide downside Support.
• Supports and Resistance
Supports
Price-------------------------- Power
1701.09................. Weak/A
1684.63................. Weak/A
1666.38................. Very Weak/A
1643.54................. Weak/B
1618.39................. Mid
Resistances
Price-------------------------- Power
1734.47................. Weak/B
1753.31................. Weak/B
1781.20................. Mid
1812.01................. Weak/B
1892.04................. Weak/A
o XAUUSD_H4 broke above the upside Weak Resistance level of 1684.63, 2 candles ago. This previous resistance level of 1684.63 may now provide downside support. Volume on the candle of the breakout was so heavy (130% above average)
o The most recently confirmed downside Mid Support level for XAUUSD_H4 is around 1618.39. and we will expect that price has some difficulties to fall below this level. A break below this level (particularly on heavy volume) would be a Bearish sign.
o The most recently confirmed Upside Mid Resistance level for XAUUSD_H4 is around 1734.47, and we will expect that price has some difficulties to break up this level.
http://fxorbital.com/
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.
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