XAUUSD GOLD update | H4 Timeframe 🙌
- This Analysis is based on educational purposes
- In chart we set the Resistance level at 2930- 2931.00 level in previous week market rejected several times
- Currently market is at 2909.50 point
- Trendline which shows the region observation point and it will be play as a decision path 2901.987
● Bullish Scenario: if market can't break the level and closed the H4 candles above from this trendline and observation point we will set our target at 2930.00 if its break furthermore 2954.00
● Bearish Scenario: if market able to break our observation/trendline point then we wil expect first target at 2894 - 2881 - 2859
We will provide more confirmations ❗️
#XAUUSD
- This Analysis is based on educational purposes
- In chart we set the Resistance level at 2930- 2931.00 level in previous week market rejected several times
- Currently market is at 2909.50 point
- Trendline which shows the region observation point and it will be play as a decision path 2901.987
● Bullish Scenario: if market can't break the level and closed the H4 candles above from this trendline and observation point we will set our target at 2930.00 if its break furthermore 2954.00
● Bearish Scenario: if market able to break our observation/trendline point then we wil expect first target at 2894 - 2881 - 2859
We will provide more confirmations ❗️
#XAUUSD
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.
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.