$XAUUSD Continuation
H4 & H1 TF:
- Analysis only, Not a Signal
H4 Timeframe(TF) Shows that the market is Still Overall Bullish, therefore we're still expecting an uptrend in the near future.
Legend:
• White Drawings (H4 TF)
• Blue Drawings (H1 TF)
Since the H4 zone (the Top Box) was rejected yesterday on H1 TF, we might expect a rejection towards the bottom H4 Box (Bottom Box) which has a stronger demand before a continuation of Upwards Trend.
This is supported by the fact that H1 TrendLine (Blue Line) was broken recently. And price shows that it wants to create a Higher price.
- Analysis only, Not a Signal
H4 Timeframe(TF) Shows that the market is Still Overall Bullish, therefore we're still expecting an uptrend in the near future.
Legend:
• White Drawings (H4 TF)
• Blue Drawings (H1 TF)
Since the H4 zone (the Top Box) was rejected yesterday on H1 TF, we might expect a rejection towards the bottom H4 Box (Bottom Box) which has a stronger demand before a continuation of Upwards Trend.
This is supported by the fact that H1 TrendLine (Blue Line) was broken recently. And price shows that it wants to create a Higher price.
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.