XAUUSD trade setup for today :
Before we look at potential entry in this pair first let’s look at multiple timeframe analysis in this market.
Monthly: Series of higher low and current monthly candle has got rejected from this support and started to move back to the upside with a strong momentum with higher possibility to break the support
Weekly: Previous weekly bullish candle shows possibility this week market to remain bullish. 3366.00 level just below the weekly open and close possibility to revert back to the upside.
Daily: Early Asian session has shown very strong rejection from the lower price therefore may bounce back to the upside from daily support of 3366.00
Entry timeframe 1H : Previous session 1h pin bar formation shows possible rejection, this session, potential for the price bounce back from the 1h low is aligning with daily and 4h support is potential entry!
Possible trade recommendation : Bullish entry with SL below around 1.5ATR
Before we look at potential entry in this pair first let’s look at multiple timeframe analysis in this market.
Monthly: Series of higher low and current monthly candle has got rejected from this support and started to move back to the upside with a strong momentum with higher possibility to break the support
Weekly: Previous weekly bullish candle shows possibility this week market to remain bullish. 3366.00 level just below the weekly open and close possibility to revert back to the upside.
Daily: Early Asian session has shown very strong rejection from the lower price therefore may bounce back to the upside from daily support of 3366.00
Entry timeframe 1H : Previous session 1h pin bar formation shows possible rejection, this session, potential for the price bounce back from the 1h low is aligning with daily and 4h support is potential entry!
Possible trade recommendation : Bullish entry with SL below around 1.5ATR
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YOUTUBE CHANNEL
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bit.ly/342slNF
#1Regulated broker Vantage 100% bonus link vantagemarkets.com/open-live-account/?affid=MTAxMjk3
YOUTUBE CHANNEL
bit.ly/3GmqN1E
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.
FREE TELEGRAM
bit.ly/342slNF
#1Regulated broker Vantage 100% bonus link vantagemarkets.com/open-live-account/?affid=MTAxMjk3
YOUTUBE CHANNEL
bit.ly/3GmqN1E
bit.ly/342slNF
#1Regulated broker Vantage 100% bonus link vantagemarkets.com/open-live-account/?affid=MTAxMjk3
YOUTUBE CHANNEL
bit.ly/3GmqN1E
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.