20 reason for sell XAUUSD
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: most significant time frame yearly base on yearly gold is in a bull trend but currently in a corrective phase
2 📆Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
3 📅Weekly: extremely bearish in weekly now in a corrective phase and also fill out extreme Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
4 🕛Daily: a bull trend but a strong resistance at weekly and daily ob after its price also gives us a country reversal with the lowest volume and a vital reversal sign
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: Counter trend with low volume
7: 3 Volume: dried no volume
8: 4 Momentum UNCONVENTIONAL Rsi: At a decision area around 60
9: 5 Volatility measure Bollinger bands: double top m pattern with a most substantial volatility divergence
10: 6 Strength ADX: Dmi cross over excepted for bears
11: 7 Sentiment ROC: equal
✔️ Entry Time Frame: H4
12: Entry TF Structure: Established bear
13: entry move: a considerable doji wait for an impulse move
14: Support resistance base: 1801 to 20 is a substantial resistance price already rejected
15: FIB: trigger event
☑️ final comments: if the price break the 1751 area, we go with bear
16: 💡decision: sell
17: 🚀Entry: 1790.5
18: ✋Stop losel:1801/1810
19: 🎯Take profit:1715
20: 😊Risk to reward Ratio:1:5
🕛 Excepted Duration :7 day
1 ✨Eagle eye: most significant time frame yearly base on yearly gold is in a bull trend but currently in a corrective phase
2 📆Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
3 📅Weekly: extremely bearish in weekly now in a corrective phase and also fill out extreme Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
4 🕛Daily: a bull trend but a strong resistance at weekly and daily ob after its price also gives us a country reversal with the lowest volume and a vital reversal sign
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: Counter trend with low volume
7: 3 Volume: dried no volume
8: 4 Momentum UNCONVENTIONAL Rsi: At a decision area around 60
9: 5 Volatility measure Bollinger bands: double top m pattern with a most substantial volatility divergence
10: 6 Strength ADX: Dmi cross over excepted for bears
11: 7 Sentiment ROC: equal
✔️ Entry Time Frame: H4
12: Entry TF Structure: Established bear
13: entry move: a considerable doji wait for an impulse move
14: Support resistance base: 1801 to 20 is a substantial resistance price already rejected
15: FIB: trigger event
☑️ final comments: if the price break the 1751 area, we go with bear
16: 💡decision: sell
17: 🚀Entry: 1790.5
18: ✋Stop losel:1801/1810
19: 🎯Take profit:1715
20: 😊Risk to reward Ratio:1:5
🕛 Excepted Duration :7 day
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