XAUUSD long
If you look at the Daily you can see that Gold is in a uptrend, you have a lot of spikes down at 1798.820 area to the downside.
Break it down to the 4H and you'll have doji on the 13/7/21 22.00 and after it closed the market spiked up, gold broke that area and is now retesting it. It also broke the resistance that's at the same area.
If you look at the 15 min I took fibonacci from low to the high and you can also see it's a respected area since before both as support and resistance. So right now Gold is in my cap zone area between 50 and 61. I have 3 buy limits at 61 and using fib also as TP.
Break it down to the 4H and you'll have doji on the 13/7/21 22.00 and after it closed the market spiked up, gold broke that area and is now retesting it. It also broke the resistance that's at the same area.
If you look at the 15 min I took fibonacci from low to the high and you can also see it's a respected area since before both as support and resistance. So right now Gold is in my cap zone area between 50 and 61. I have 3 buy limits at 61 and using fib also as TP.
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