Gold is moving in an ascending channel that has reacted well to the upper and lower lines of this channel.
Currently, gold is moving near the 🔴resistance zone($ 2015.5- $ 2012)🔴 and the upper line of the ascending channel, and since the Regular Divergence(RD-)between two consecutive peaks is well-known in the indicators, I expect Gold to fall again if the upper line and even the resistance zone are broken, and a Show us the Bull Trap.
Gold can have a minimum fall to the middle line of the ascending channel, and in the next stage, it can fall to the lower line of the ascending channel.
Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Currently, gold is moving near the 🔴resistance zone($ 2015.5- $ 2012)🔴 and the upper line of the ascending channel, and since the Regular Divergence(RD-)between two consecutive peaks is well-known in the indicators, I expect Gold to fall again if the upper line and even the resistance zone are broken, and a Show us the Bull Trap.
Gold can have a minimum fall to the middle line of the ascending channel, and in the next stage, it can fall to the lower line of the ascending channel.
Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
Do you think gold will break the 🔴resistance zone($ 2015.5- $ 2012)🔴 or not ❗️❓Trade active
Note
It looks like the Bull Trap I expected is happening with the Head and Shoulders pattern.
Note
Head and Shoulders Worked very well.✅
Note
New update:🥇Gold🥇Fall by Ascending Broadening Wedge Pattern(short term)!
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
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.