skydansh

Strong intersection

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
1. THE YELLOW LINE: a very strong trend which is broken and return to a reliable support.

2. THE GREEN ZONE: this zone is a strong horizontal line too. it is the first touch after being broken.

3. THE RED LINE: recent uptrend 4h and daily.

put them together:
these three lines made a very very strong support zone (the elliptic purple zone).

good luck...
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.