Trend respected. 38.2% tapped twice. EMA on higher time frames all on the rise. Ranging for the last two weeks. Break expected soon. USD strength is my favorable option.
Still fully bullish on gold personally how gold has played out to some of my areas marked is showing its still bullish and with there being a lot of USD news on the 20th and 21st will make XAUUSD very volatile but if the entry is right i will execute
EMA TRENDLINE LIQUIDITY ZONES Biden speaks on the 20/01/21 so this will give indication of direction
Third tap of the descending trend line Tap of the 78.6% Trend line cross over
Third tap of the trend line. DXY strength playing Creating a series of HH/HL
Head and Shoulders Tap of multiple EMAs on all time frames broke the neck line and retested it Target is the distance between the head and neckline.
Broke a Key Level at 124.500 Two ascending trend lines Can come down to tap the 38.2% and tap the two EMA lines and go long Await candle stick confirmation
Head and Shoulders pattern respected the 50% on the right shoulder and a daily support level i have marked. Await break and retest and take it long to the -27%