Will Gold downward to 177x ? Unique gold idea with QML setup
This post is analyzed according to the Quasimodo structure.
Gold was be distributed from top trade range.
XAUUSD is most likely bearish at the 4h timeframe.
There is a Quasimodo (QML abbreviated) structure if the price returns to 177x level.
Waiting for confirmation structure on lower time frame (LTF).
The QML is Quasimodo level. This is an strong reversal structure.
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ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need judgment and a trading plan to manage your risks when trading Forex.
Gold was be distributed from top trade range.
XAUUSD is most likely bearish at the 4h timeframe.
There is a Quasimodo (QML abbreviated) structure if the price returns to 177x level.
Waiting for confirmation structure on lower time frame (LTF).
The QML is Quasimodo level. This is an strong reversal structure.
------------------------------------------
ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need judgment and a trading plan to manage your risks when trading Forex.
