XAUUSD 1H LEVELS - 24/08/2023
If you followed my previous idea about DXY, we did get a rejection at 103.8 resistance zone, which means bullish for most USD pairs
In my previous idea about XAUUSD, to enter scalp long I was looking for price to get above 1910 resistance zone first and flip it as support
I got short scalp entry at 1920 resistance zone, but the better entry is to wait for price to come to 1912-1910 support zone and look for bullish confirmation candle on lower time frame
As long as we're above 1880, we'll remain bullish
Previous DXY idea:
Previous XAUUSD idea:
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
In my previous idea about XAUUSD, to enter scalp long I was looking for price to get above 1910 resistance zone first and flip it as support
I got short scalp entry at 1920 resistance zone, but the better entry is to wait for price to come to 1912-1910 support zone and look for bullish confirmation candle on lower time frame
As long as we're above 1880, we'll remain bullish
Previous DXY idea:
Previous XAUUSD idea:
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
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.