XAUUSD
Hi there
Weekly :
There is a support zone between 1898 - 1905. Price supported by this zone 2 weeks ago and pulled back last week; so it is expecting the price keeps its uptrend while above the zone.
Daily:
There is a support zone between 1928-1934 based on volume profile tool; so I am expecting uptrend based on the zone and the supporting trend.
By the way it seems we have a WXY pattern that it may X-wave ended last week probably. So if price cannot support by 1928-1934 zone, I expect Y-wave based on the correction pattern; targets would be 1898 (end of W-wave), 1860 (61.8% of W) and finally 1800 (100% of W).
4H:
There is a support zone between 1946-1948 and a resistance zone between 1958-1962. It's a good opportunity for swing traders.
Legitimating breakout above the resistance zone, it is a buy position; target would be about 2000.
If price breakout the support zone and legitimates under that, it is a sell position based in daily-analysis for 1898, 1860 or even 1800.
P.S: I'm not a native English speaker but tradingview is forcing me to write the caption in English. 😅
(I am talking Persian in the video obviously) 😂😂
Weekly :
There is a support zone between 1898 - 1905. Price supported by this zone 2 weeks ago and pulled back last week; so it is expecting the price keeps its uptrend while above the zone.
Daily:
There is a support zone between 1928-1934 based on volume profile tool; so I am expecting uptrend based on the zone and the supporting trend.
By the way it seems we have a WXY pattern that it may X-wave ended last week probably. So if price cannot support by 1928-1934 zone, I expect Y-wave based on the correction pattern; targets would be 1898 (end of W-wave), 1860 (61.8% of W) and finally 1800 (100% of W).
4H:
There is a support zone between 1946-1948 and a resistance zone between 1958-1962. It's a good opportunity for swing traders.
Legitimating breakout above the resistance zone, it is a buy position; target would be about 2000.
If price breakout the support zone and legitimates under that, it is a sell position based in daily-analysis for 1898, 1860 or even 1800.
P.S: I'm not a native English speaker but tradingview is forcing me to write the caption in English. 😅
(I am talking Persian in the video obviously) 😂😂
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