Gold rejection from buyers / Trading Range phase / H1
Zaktualizowano
I upload video analysis of XAUUSD see the market bearish. After market got opened, we had strong sold off ( 200 pips ) but it didn't get to the zone I marked up for you.
Buyers bought that candle and as you see it has a long tail below that took the liquidity.
Now we have a support key level ( Gold, $1782 - $1784 ) so try to buy at this level if price fall down.
Also we have a resistance key level ( Red, $1809 - $1812 ).
We have to choices now:
1) Buy with higher resistance target ( Top of TR )
2) Sell with lower support target ( Bottom of TR )
Selling is more reasonable to me below the middle of trading range. ( Here we have also a bearish orderblock. )
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Buyers bought that candle and as you see it has a long tail below that took the liquidity.
Now we have a support key level ( Gold, $1782 - $1784 ) so try to buy at this level if price fall down.
Also we have a resistance key level ( Red, $1809 - $1812 ).
We have to choices now:
1) Buy with higher resistance target ( Top of TR )
2) Sell with lower support target ( Bottom of TR )
Selling is more reasonable to me below the middle of trading range. ( Here we have also a bearish orderblock. )
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Komentarz
190 pips upward movementKomentarz
Hawkish Powell's tone strengthened the US dollar and made gold fall down.Komentarz
Selling pressure is obvious. Check out this video ! Price action does not lie to you. Although we have some news about Covid-19 new variant but XAUUSD respects price action. Highlighted zone ( OB + LQ ) is where I expect buyers to enter Gold.
Komentarz
144 pips upward move from highlighted support zone, but still bearish !Powiązane publikacje
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