Hello everyone
Before we start to discuss, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
XAUUSD:
weakness of sellers in XAUUSD chart (gold) is obvious.
sellers should be careful at this stage as on the 1h time-frame, the price is printing a ending channel.
Also we see that ending channel forming a W5 and I think a minimum corrective upside movement from one of those zone that shown in chart is possible.
Before we start to discuss, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
XAUUSD:
weakness of sellers in XAUUSD chart (gold) is obvious.
sellers should be careful at this stage as on the 1h time-frame, the price is printing a ending channel.
Also we see that ending channel forming a W5 and I think a minimum corrective upside movement from one of those zone that shown in chart is possible.
Note
the price reacted well to the first zone that coincide with reaction to the lower line of parallel channel as the bullish ending channel.I am waiting for channel breaks upside for buying.
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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.