What about XAU?
Many would be asking.
From a harmonic point of view, I can see price is weakening. Even with a push by BUYERS, it would only reach the banana, which is BELOW the previous high at the blue line.
So, the plan is that when it reaches banana, a SELL is possible with SL just above the blue line. In this way, we have a higher probability of success, plus a fantastic R/R.
Looking at the DXY, the $ is also at an inflection point.
Good luck.
Many would be asking.
From a harmonic point of view, I can see price is weakening. Even with a push by BUYERS, it would only reach the banana, which is BELOW the previous high at the blue line.
So, the plan is that when it reaches banana, a SELL is possible with SL just above the blue line. In this way, we have a higher probability of success, plus a fantastic R/R.
Looking at the DXY, the $ is also at an inflection point.
Good luck.
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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.