XAUUSD Analysis (13th May 2024)
Market Analysis PT2/2 (13th May 2024)
XAUUSD Analysis
On the daily timeframe, we have created a Change of Character to the upside at the 2352 level.
Currently price is creating a pullback towards that key level.
What i want to see is for price to come down lower towards the 2352 level before deciding whether to long or short.
If price fails to create a 15 minute change of Character with a Body candle close above, i will be patient on longs and will be more short biased.
However, if price action confirmations a retest of the 2352 level and creates a 15 minute Bullish CHOCH, i will be actively looking for longs to target the 2400 level.
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🌍Telegram | t.me/callistofx
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
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.