XAUUSD 3/5/21
Daily:Price is still overall trending bullish
failing to break and close below strong support
level rejecting the 20SMA showing that there is
still a lot of buying pressure also like how bearish
candles are getting weaker rejection of previous
HH and 0.5 on fibs
H4: Price is holding level of support strong sellers
have tried multiple times to break it but have
failed also rejecting the 50SMA also just closed
as a strong bullish engulfing looking for buys
H1: looking for a simple B/R of minor S/R level
looking to take price to previous highs based
off H4 tf
failing to break and close below strong support
level rejecting the 20SMA showing that there is
still a lot of buying pressure also like how bearish
candles are getting weaker rejection of previous
HH and 0.5 on fibs
H4: Price is holding level of support strong sellers
have tried multiple times to break it but have
failed also rejecting the 50SMA also just closed
as a strong bullish engulfing looking for buys
H1: looking for a simple B/R of minor S/R level
looking to take price to previous highs based
off H4 tf
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