TheSignalyst

GOLD - Don't Sell Now! - Video Top-Down Analysis

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.

on H4: GOLD is forming a wedge pattern in red so we are waiting for a new swing to form around it to consider it objective/valid.

Trigger: Waiting for a momentum candle close below the gray area to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.

As price approaches our lower green support, we will be looking for buy setups.

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

It's a helpful idea.. Thanks mate..!
+2 Reply
TheSignalyst EileenBarton
@EileenBarton thank you for your feedback
Reply
Good idea
+2 Reply
TheSignalyst Mark_Ryden
@Mark_Ryden thank you so much Mark
Reply
keep sharing such useful idea
+1 Reply
TheSignalyst kavinluis
@kavinluis, thank you dear
Reply
So, I prefer to buy now
+1 Reply
TheSignalyst RyodaBrainless
@RyodaBrainless, I don't think it is a good idea now. around the lower trendline maybe
Reply
great outlook thank you :)
+1 Reply
TheSignalyst jojofang0901
@jojofang0901 fantastic
Reply
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