Gold for OANDA:XAUUSD by RyodaBrainless

Gold

OK. Let's see what I get from Gold. After taking a huge profit from ground support to resistance and falling back, I use to buy at the base ground support. Now, Gold in the middle range zone again at $1900. For one day, I see a bullish hammer with a very long tail, Good. So this is should be a consolidation move until tomorrow morning to start working again. Cheers.

Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"

Trade active

Gold would need one more big red candle to touch the base ground again at the $1869 area, before starting to moving up. This is will build a great foundation for Gold to continue the uptrend journey.

Trade active

Change direction to buy order @ $1889

Note

The reason to change direction with a buy order, One-day interval show Dragon Fly doji with a very long tail. It means the lower price was rejected with a strong higher price movement.

Note

So, the price action showing an aggressive bullish movement. This could be a sign that Gold has a willingness to the adventure journey in the new channel

Note

@ 21.57 WIB, 17 November 2020. Gold still on the Sideways, between the lower and higher way. I will wait until 22.00 WIB for these trades and IF nothing happens I will close the trades.

Note

22.00 WIB. There is a sign of a bear's hammer in this area between $1885 - $1890. These price areas will be as support for bullish IF they continue to moving up forward. OR, will be resistance for bearish movement to another ground base at $1750

Trade active

Open Sell Order $1880 @ 16.00 WIB, 18 November 2020
Target: The new lowest base ground

RyodaBrainless

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RyodaBrainless