Good afternoon traders,
Previously I have posted an idea here 5hr ago but was taken down due to violations of some rules due to advertising. My bad on that, but let me repost what I have analyzed and elaborate what has played out since my analysis 5 hours ago.
Gold is currently trading around 2673 after hitting 50% retracement (2677) and dumping a 40-50pips....
Daily Analysis on XAUUSD
Previously, we can observe an ascending channel up into our HTF OTE zone (2685-2696.4) before a massive sell down, allowing sell opportunities of over 300pips!
By observing our H4 charts, price is currently on its retracement up where we can look for several potential outcomes
(1) Price might retrace up to 2677, 2682, 2686-26289 before...
Previously I posted an idea but it showed H1 analysis instead. So this time i’m posting in hopes to share my H4 analysis as well.
Daily timeframe: We can see that after a huge sell down from gold that resulted in a candle closure below 2583, price managed to retrace up to our HTF OTE zone (2685-2696.4) and is currently trading around 2689.
H4 timeframe: We can...
Daily timeframe: Price is currently trading around 2689, with price action hovering around our HTF OTE zone (2685-2696.4).
H4 Timeframe: Price is currently trading within our H4 ascending channel and has met with our H4 SnR zone + at the resistance trend line.
I would expect a minor push up before a nice breakout sell soon, this is also supported with DXY’s...
Daily timeframe: Price is currently trading around 2689, with price action hovering around our HTF OTE zone (2685-2696.4).
H4 Timeframe: Price is currently trading within our H4 ascending channel and has met with our H4 SnR zone + at the resistance trend line.
I would expect a minor push up before a nice breakout sell soon, this is also supported with DXY’s...
