A_Joe
Long

Gold Failure Test at Weekly Demand Zone

FX:XAUUSD   Gold/U.S. Dollar
43 0 1

  • - Gold             is currently in a Ranging Environment for a Period of Year ( Expect Range Expansion after a Period of Volatility Contraction ( Break on Either Side can be Expected especially Down within a context of Downtrend)

    - Since A False Breakout of Weekly Descending Triangle in a Downtrend at 1192 - 1156 Demand Zone Supports a Long

    - A Decisive Break above 1223 ( Lowest Swing High on 4Hr TImeframe confirms Break of Lower High Lower Low Pattern & sets up a Long Trade).

    - Longs in anticipation of Higher Low on / or confirmation of Daily Closing above 1223 can be envisaged with a Stop below 1177.

    - The limitations are Downtrend, Weak & Tested Demand Zone , descending Triangle Pattern on Weekly (Suggesting Premature Breakdown) But Higher prices can over turn all the limitations
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out