Focus on Short :- - Entering Supply Zone in Weekly Timeframe, current looks, current weekly wick respect the supply zone - Daily timeframe form like triple top Entry will look at Price action confirmation on hourly timeframe
My 5cent: Price already break the demand zone, and daily low, it could make a pullback to previous demand and drop to monthly low
Price tested and manage to break weekly low, seems already break, lets see in 1hour, this time if it manage to break, price will go down . TP on my white marking Just my 5 cents from lone ranger amateur trader.
I am waiting if got rejection at Purple area (resistance area) for selling,,,, just personal opinion, I am not professional trader
overall AUDUSD still in bullish mood, price at nice trendline, stoch oversold, watch out for a bullish candle for entry
see my note in chart
based on main trend, and see price action at support
nice line to buy because in S&R line, fibo 0.5, and weekly pivot (R1) becomes new support
as USD still weak, there is high change it will going upward...and based on technical drawing too
look at potential price movement
see my marking...daily support, pivot (S1,S2), and weekly support
waoo,, in Asian session , gold makes big movement upward, so now we have to look at different scenario for trading, but overall GOLD in upward trend, watchout closely
Just riding the trend...watchout for reaction in support/ressitance line
maybe got some pullback maybe price go upward straight...
seems like it will follow my marking...
if price pullback, then it is better price to go long, hmm maybe it will straight to R3..depends to your risk
I focus on short...just watch for the price action in Asia Session, and reaction in EU session