Looking back my post on 26th Jan 2019:
I mentioned about XAUUSD in my post on 26th Jan. 2019 “There might be a retest @ zone 1295-1298”
What we have seen:
The price moved exactly back to 1298 before rallying on to 1326 and closed at 1317.6
Weekly Chart:
A bullish candle with rejection of high price
Daily Chart:
Friday closed with a bearish candle.
Watch out:
1. First resistance might be around zone 1326
2. Second resistance around zone 1357
Action:
1. Took money off the table because of the price action pattern of last Thursday and Friday.
2. Waiting for a price action pattern to confirm an entry @ 1298-1304
I mentioned about XAUUSD in my post on 26th Jan. 2019 “There might be a retest @ zone 1295-1298”
What we have seen:
The price moved exactly back to 1298 before rallying on to 1326 and closed at 1317.6
Weekly Chart:
A bullish candle with rejection of high price
Daily Chart:
Friday closed with a bearish candle.
Watch out:
1. First resistance might be around zone 1326
2. Second resistance around zone 1357
Action:
1. Took money off the table because of the price action pattern of last Thursday and Friday.
2. Waiting for a price action pattern to confirm an entry @ 1298-1304
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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.
Related publications
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.