$XAU Daily uptrend analysis #Sequential #Gold
Hello everyone.
Gold remains in a bullish trend and found some exhaustion points recently:
- S13 and A21 on 08/08
- C13 on 08/13
- Nested S21 on 09/23
Despite these last exhaustion points, the daily main bullish sequential countdown has not been invalidated.
This bullish countdown is currently on a bar 5/13 and its last increased bar was on 09/04.
With the remaining countdown bars, price could then reach once again the upper limit of the bullish channel.
For now, price is forming a small consolidation pattern (blue), which looks like an ascending triangle.
If this pattern fails, the price could fall in a wider pattern (gray falling wedge) and find first some support on the middle line of the channel.
The TDST Support is @ 1400 USD and could coincide with the lower limit of the channel, so this is also a level to watch.
Best!
MATHR3E
Sequential indicators:
Gold remains in a bullish trend and found some exhaustion points recently:
- S13 and A21 on 08/08
- C13 on 08/13
- Nested S21 on 09/23
Despite these last exhaustion points, the daily main bullish sequential countdown has not been invalidated.
This bullish countdown is currently on a bar 5/13 and its last increased bar was on 09/04.
With the remaining countdown bars, price could then reach once again the upper limit of the bullish channel.
For now, price is forming a small consolidation pattern (blue), which looks like an ascending triangle.
If this pattern fails, the price could fall in a wider pattern (gray falling wedge) and find first some support on the middle line of the channel.
The TDST Support is @ 1400 USD and could coincide with the lower limit of the channel, so this is also a level to watch.
Best!
MATHR3E
Sequential indicators:
- MATHR3E TD Multi Sequential
- MATHR3E TD Setup Trend
- MATHR3E TD Sequential Fibonacci Extension
- MATHR3E TD Aggressive Fibonacci Extension
- MATHR3E TD Combo Fibonacci Extension
