Lets start off with taking a look back at this chart from October 2019:
Heres how the weekly chart currenty looks:
On the 4h timeframe red trendlines highlights both regular and hidden divergences appearing all over this market. ''C'' is a 261.8% extension that was followed by a 15% decline! Considering the huge drop, im expecting this trend to continue and another dip in this market is anticipated.
A trade with stops above the highs targeting the lows would not be a bad idea IMO.
Whats your view on XAU/USD?
Share your comments in the section below
Thank you for reading
Heres how the weekly chart currenty looks:
On the 4h timeframe red trendlines highlights both regular and hidden divergences appearing all over this market. ''C'' is a 261.8% extension that was followed by a 15% decline! Considering the huge drop, im expecting this trend to continue and another dip in this market is anticipated.
A trade with stops above the highs targeting the lows would not be a bad idea IMO.
Whats your view on XAU/USD?
Share your comments in the section below
Thank you for reading
Not
A break below the trendline indicates a shift in momentum:
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.