XAUUSD is expected to go down
Updated
1.) RSI and the Price action are going towards difference directions
2.) XAUUSD is keep testing the 1229.50 level
3.) EMA is getting narrower
4.) A long bearish pin bar has broken the upward channels
Therefore, I believe it will go downward for the next few days.
2.) XAUUSD is keep testing the 1229.50 level
3.) EMA is getting narrower
4.) A long bearish pin bar has broken the upward channels
Therefore, I believe it will go downward for the next few days.
Trade active
The market is testing the 1223.50 level now. 6 dollars profit so far. Going pretty well now.Note
TP 1 reached. closed 1/3 of the deal and moved the SL to 1230 level.Note
Price retraced back to 1226 level and already reached the Fib. 0.618 level top (between 1230.50 and 1219.50) which formed AB ($11)Therefore, it is time to go down for $11 now from 1226 to $1215 for CD range.
um.... seems like it will hit our TP 2 from this interpretation if it goes well.
Note
TP 2: reached. retracing back not over 1221.80.Note
Broke the TP 2. take another 1/3 of the profit. and target for TP3!! Yeah!!!Trade closed: target reached
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.