XAUUSD IDEA
There is an interesting pattern forming on H1-M30, which can give a small correction as a trap for sellers before further growth. Now a lot of selling is forming on indicators (overbought, rsi, macd and so on), accordingly, MM may show a reversal.
The whole emphasis is on 2461, If the price fixes below, the gold may be driven to the liquidity zone: 2450, 2440, 2430 before further growth.
Resistance levels: 2475, 2484
Support levels: 2463, 2450
If the price consolidates below 2461, a retest of the support is possible before further growth. If a rebound is formed, consolidation above 2467-2475, we should wait for a retest of resistance with a breakout attempt.
The whole emphasis is on 2461, If the price fixes below, the gold may be driven to the liquidity zone: 2450, 2440, 2430 before further growth.
Resistance levels: 2475, 2484
Support levels: 2463, 2450
If the price consolidates below 2461, a retest of the support is possible before further growth. If a rebound is formed, consolidation above 2467-2475, we should wait for a retest of resistance with a breakout attempt.
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.