XAUUSD H1& H4 Timeframe .
Although gold is intact with the rising channel at trend line meets with 3205-3250
- I will sell on top from 3270-3280 structural resistance area if i got confirmation of rejection and to long target at 3130.
-if we get candle above 3235 then we'll see upside surprise towards 3252 first then 3270.
BEARISH SCANARIO:
-if 3210-3205 breaks then we should leave the upside back behind and sell towards 3180 in first stage then we will have to wait for the 3180 structural support Invalidation towards bottom side .once 3180 breaks in h4 then move your weapons towards 3130 target.
#XAUUSD
Although gold is intact with the rising channel at trend line meets with 3205-3250
- I will sell on top from 3270-3280 structural resistance area if i got confirmation of rejection and to long target at 3130.
-if we get candle above 3235 then we'll see upside surprise towards 3252 first then 3270.
BEARISH SCANARIO:
-if 3210-3205 breaks then we should leave the upside back behind and sell towards 3180 in first stage then we will have to wait for the 3180 structural support Invalidation towards bottom side .once 3180 breaks in h4 then move your weapons towards 3130 target.
#XAUUSD
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Related publications
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.