XAUUSD accurately rebounded on the Bouble Bottom as suggested on our previous analysis (see bottom for chart) and hit both the 1828 and 1856.50 Targets.
A rejection is now taking place on the MA200 (4h) under Fibonacci 0.786.
Every Fibonacci level has formed a High during the March recovery process.
Pullback expected and the strong Support Zone is MA50 (4h) along with Fibonacci 0.382 and a max drawdown od -2.40%.
Trading Plan:
1. Buy on Fibonacci 0.382.
Targets:
1. 1890 (February 9th High).
Tips:
1. RSI (4h) turning overbought is an additional reason for this expected pullback.
2. The MA50 (1d) may support on a Fibonacci 0.236.
Please like, follow and comment!!
Notes:
This is an extension of this trading plan:
A rejection is now taking place on the MA200 (4h) under Fibonacci 0.786.
Every Fibonacci level has formed a High during the March recovery process.
Pullback expected and the strong Support Zone is MA50 (4h) along with Fibonacci 0.382 and a max drawdown od -2.40%.
Trading Plan:
1. Buy on Fibonacci 0.382.
Targets:
1. 1890 (February 9th High).
Tips:
1. RSI (4h) turning overbought is an additional reason for this expected pullback.
2. The MA50 (1d) may support on a Fibonacci 0.236.
Please like, follow and comment!!
Notes:
This is an extension of this trading plan:
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.