XAUUSD Price movement prediction 28-09-2020Using the triple trap strategy, these are possible setups of this pair. As the gold started consolidating after the bearish move.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
Trippletrap
XAUUSD Price movement prediction 25-09-2020My rules for reversal- when you draw out fib(initial point-0, final point-100) i.e., from swing high to swing low, if the price closes above the 23.6 lvl, there is possibility of reversal, if the price breaks the corresponding resistance and retest it then reversal is confirmed. for additional confirmation you could see SMA 50, if you follow these rules, you will be noticing that price would be above the SMA and a possible head and shoulder pattern.
Till then looking for sell.