H1-H4 TIMEFRAME SETUP
Currently XAUUSD is following the rising channel along with flag pattern although I expecting market will fall from 3406-3410 zone.
What possible scenarios we have ?
• Market has to gives closing of H4 below 3390 for the implusive drop ,also I'm on holding sell trade above 3400 and my Targets are 3380 then 3365.
• secondly If gold drops to 3342-3335 thats my Buying area where I will buy XAUUSD in dips and my optimal target will be 3365 then 3380.
Additional Tip:
Above 3410 no sell Trade our rising channel will be invalid as Per SMC (BOS & CHOCH)
Currently XAUUSD is following the rising channel along with flag pattern although I expecting market will fall from 3406-3410 zone.
What possible scenarios we have ?
• Market has to gives closing of H4 below 3390 for the implusive drop ,also I'm on holding sell trade above 3400 and my Targets are 3380 then 3365.
• secondly If gold drops to 3342-3335 thats my Buying area where I will buy XAUUSD in dips and my optimal target will be 3365 then 3380.
Additional Tip:
Above 3410 no sell Trade our rising channel will be invalid as Per SMC (BOS & CHOCH)
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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.