On my previous post I stated that if XAUUSD hits 1826 the pairing would continue long to the price of 1835, and it hit perfectly!
Using the same Fib channel, I am expecting the price to continue upwards until 1841 and potentially 1850+ if the 1841 channel is broken.
Based on my most previous posting, I am eventually expecting the pairing to go bearish .
A safe sell buy-in would be around the price 1832 or .5 on the Fib scale potentially down to 1810 or .786 with a support area around 1780.
I will keep you updated. Happy Trading.
Using the same Fib channel, I am expecting the price to continue upwards until 1841 and potentially 1850+ if the 1841 channel is broken.
Based on my most previous posting, I am eventually expecting the pairing to go bearish .
A safe sell buy-in would be around the price 1832 or .5 on the Fib scale potentially down to 1810 or .786 with a support area around 1780.
I will keep you updated. Happy Trading.
Trade active
1841 TP reached, now lets see if the channel is open to 1850. 1843-1844 would be a safe buy indicator for me.
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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.