XAUUSD 26/4/21
Gold weekly out look
Price closed as a more indecision candle stick
respecting the 20SMA and also the .618 fib level
So Im going to be very cautious trading gold as
it is in a strong level of weekly S/R
Daily: is still in a very strong bullish trend
respecting daily S/R level a bit concercing how
it respecting the 50sma as a level of resistance
H4: price is looking like a solid buy 3 big wicks
showing respect to broken resistance now
holding as a level of support also rejecting the
20SMA and .618 on fibs
H1: Waiting for some form of a pull back
into minor S/R levle to give me a Break of
structure on the smaller tfs has already
given me a double bottom now for a possible
retest of broken neckline
Price closed as a more indecision candle stick
respecting the 20SMA and also the .618 fib level
So Im going to be very cautious trading gold as
it is in a strong level of weekly S/R
Daily: is still in a very strong bullish trend
respecting daily S/R level a bit concercing how
it respecting the 50sma as a level of resistance
H4: price is looking like a solid buy 3 big wicks
showing respect to broken resistance now
holding as a level of support also rejecting the
20SMA and .618 on fibs
H1: Waiting for some form of a pull back
into minor S/R levle to give me a Break of
structure on the smaller tfs has already
given me a double bottom now for a possible
retest of broken neckline
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