XAUUSD - Weekly Plannings 10.03.2024
Gold in TF Week, We see a strong bullish IFC. So, if the price continue go up it will possible break new resistance line at 2195 and do next all time high.
In Elliot's wave analysis. Gold is wave 3 and still doesn't have any down trend signal to confirm.
For Warning ... Everyone know that the gold right now very very OVB
If you want to focus sell Maybe let it has divergence happen first.
Divergence on H1 I thought it already fail when price do 2195. So, I prefer focus on divergence at H4.
.
.
.
To planning trade, my interest to follow buy 1st is 2164 that should be RBS and next is 2153-2147 if market need to clear some buyer and make liquidity.
If that two point can't support and price still break and go down. I will wait and see first.
In Elliot's wave analysis. Gold is wave 3 and still doesn't have any down trend signal to confirm.
For Warning ... Everyone know that the gold right now very very OVB
If you want to focus sell Maybe let it has divergence happen first.
Divergence on H1 I thought it already fail when price do 2195. So, I prefer focus on divergence at H4.
.
.
.
To planning trade, my interest to follow buy 1st is 2164 that should be RBS and next is 2153-2147 if market need to clear some buyer and make liquidity.
If that two point can't support and price still break and go down. I will wait and see first.
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.