XAUUSD holistic technical conflation indicating 4000+ pips
After a significant drop in gold during the New York session (orange vertical background), the coming week for gold suggests a bullish divergence (reversal up) as highlighted by deflection in price and OBV. A major rejection is seen at support level as illustrated by the fibonacci retracement and trend line suggesting an effectuating bullish movement near 1630 region, slightly below Ichimoku cloud on the 4hr time frame whereby consolidation tends to occur for short intervals until bars distinctively break past the cloud thus setting up the bullish regime past 1700 for long term approach.
Entry: 1586.542
Stop Loss: 1577.451
Take Profit: 1628.047
Pips: 4158.6
Place trades at you're own risk and self analysis!
Entry: 1586.542
Stop Loss: 1577.451
Take Profit: 1628.047
Pips: 4158.6
Place trades at you're own risk and self analysis!
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