XAUUSD: One high possible way to go

Please comment below or leave us a like to support.


Traders,

Gold only finished a single hammer ( sign of stop dropping) on last Friday. That give us a reason to watch if price of GOLD would push up to hit the blue zone before making a new lower low.

Actually on 4H chart, GOLD has a sign of bull by breaking an descending trendline line. As long as the blue channel is still valid, we are only looking for a small correction so far, not 1400, not 1600 , which are possible for a monthly swing trade.

Less is more!

评论:

评论:

1261 is the lowest position for last week which is important as our trading hint this week. Weekly chart is not ready to show us a reversal sign.

Now on daily chart, price already start its small wave up.
We assume that 1282 is the resistance zone for the first wave and waiting for a weekly chart chance to short or long later.