H1 & H4 Timeframe
Gold is still on parallel channel
What possible scenario we have?
Bullish scanario
if H1 or H4 candle closes above 3385-3390 then we will continue to buy and look at 3420 is the target
For sellers
If 3380 invalidated gold remains low and candle closes below then keep focus on 3350-3330 target for liquidity sweeps and break of falling wedge pattern. I'm holding my sell trades let make gold fall
Keep in mind both zones
Above 3390 buy
Below 3380 sell
#XAUUSD
Gold is still on parallel channel
What possible scenario we have?
Bullish scanario
if H1 or H4 candle closes above 3385-3390 then we will continue to buy and look at 3420 is the target
For sellers
If 3380 invalidated gold remains low and candle closes below then keep focus on 3350-3330 target for liquidity sweeps and break of falling wedge pattern. I'm holding my sell trades let make gold fall
Keep in mind both zones
Above 3390 buy
Below 3380 sell
#XAUUSD
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.
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.