XAUUSD ( BREAKOUT RESISTANCE TRENDLINE ) ( 4H )
Updated
XAUUSD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency active bullish after the price breakout the resistance trendline
- TURNING LEVEL : a blue line between resistance and support level around 2,342$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
- RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level
- SUPPORT LEVEL : there is a red line below turning level around 2,317$ , indicates buying have already increase this level , so if the price breaking turning level reach this level
- PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,342$ , after rising to the resistance level around 2,378 , then stable above this level reach 2,396$ ,
if the price breaking turning level reach a support level at 2,317$ , then stable by open 4h candle below this level reach a 2,302$
TARGET LEVEL :
- RESISTANCE LEVEL : 2,378$ , 2,396$
- SUPPORT LEVEL : 2,317$ , 2,302$
Trade active
have two scenario to reach a resistance level around 2,378 $ , first may be the price directly reach a resistance level , the second may be dropping to reach a turning level at 2,342$ before long
* today we have a NFP news at 15,30 , in my opinion today we have see a second scenario
Trade active
reach first target , if the price stable 2,378 $ reach next target 2,396$Comment
the price stabilizing the bullish zone , in my suggest corrective 2,375$ before rising
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