FUNTRADER-Vera

0201 Wkp1 Gold update new plan after Dec

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

Gold is making a corrective triangle wave on 4h chart. And it seems about to break the triangle.
It still need to break the weekly resistance zone first.
After that it will target higher weekly resistance zone.

Gold might be rejected from the wkly resistance zone down to test 4h support levels.

Will need to check with price action later in the 1st trading weekly in 2021.

This idea is marked as "LONG" as it has not finished the uptrend to the 1st wkly resistance zone.

Good luck in 2021.
LESS IS MORE!

专注黄金和原油 私域微信小红圈:
微信小程序“小红圈”搜“V姐大宗追踪社”,
加入金油社群
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
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.