"Top and Bottom Analysis" GOLD (XAU/USD) by Thinking Ants
4H CHART EXPLANATION:
-Price broke an Ascending Trendline and it is currently on a Corrective Triangle Pattern.
-MACD Bullish Divergence
If the Triangle is broken, price has potential to move towards the Weekly Resistance Zone at 1356. We will be looking for long setups above 1327 level.
Updates coming soon!
MULTI TIMEFRAME VISION:
-Weekly:
-Daily:
-Price broke an Ascending Trendline and it is currently on a Corrective Triangle Pattern.
-MACD Bullish Divergence
If the Triangle is broken, price has potential to move towards the Weekly Resistance Zone at 1356. We will be looking for long setups above 1327 level.
Updates coming soon!
MULTI TIMEFRAME VISION:
-Weekly:
-Daily:
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.