[/I]XAUUSD
A bearish divergences in H4 is valid and the price is currently making a retracement, predicting that price will stop at the 1939 area. In order to continue its bullish movement in D1, it requires to break 1965 (previous swing high H4). Making the minimal target area at 1965 and a price imbalanced at 1972.
Confluences:-
1. Purple Zone
2. Fibonacci Cluster
3. Support area
BUY LIMIT - 1939
TP 1 - 1965
TP 2 - 1972
A bearish divergences in H4 is valid and the price is currently making a retracement, predicting that price will stop at the 1939 area. In order to continue its bullish movement in D1, it requires to break 1965 (previous swing high H4). Making the minimal target area at 1965 and a price imbalanced at 1972.
Confluences:-
1. Purple Zone
2. Fibonacci Cluster
3. Support area
BUY LIMIT - 1939
TP 1 - 1965
TP 2 - 1972
Trade closed: stop reached
HIT SL - 1935
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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.