Strong weekly closure for last 2 weeks Improving RSI from 51 to 65 Direction movement indicator signaling upside Trending indicator value improving There is 12EMA crossing upward of 50EMA These confirmations suggest higher probability of price rising. Buy if price stay above 430 Weekly closing basis Stop Loss = 419 Targets 460, 504 derived from Weekly Fibo ...
XAUUSD 4H Direction bias I derive from RSI , DMI Levels I plot horizontal lines by checking Swing high / Swing Low from higher time frame chart In this chart RSI is rising with DMI+ above ADX Momentum is not visible, but has probability to rise, in the direction given by RSI. In 4H chart, trade is on Buy at current price OR pull back near green-dotted line...
2021 What brought me here , won't take me there. Wishing you healthier and happier time year ahead.