XAUUSD Bullish & Bearish Signals

FX:XAUUSD   Gold Spot / U.S. Dollar
BULLISH Signals: MACD shows a positive regular divergence in weekly and daily time frames. Bullish flag pattern has been created in 4H and price is above 1790 which is the weekly pivot .So, IF the flag pattern broken out to the upside and the 4H candle CLOSES above 1800, we can expect the price to rise as the same size as the flagpole which can be around 1835.
BEARISH Signals: We are still in the downtrend with lower lows and lower highs. Price is in the descending channel and couldn’t reach the channel’s upper band in its last upside move. MACD bars are in the negative phase. So, IF the 4H candle CLOSES below 1790 and there was bearish signals in lower time frames like 30min and 15min, we can expect the price to fall to the channel’s lower band around 1757. Which side are you in? Bullish or Bearish?
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+4 Reply
Amirhossein021 Yuriy_Bishko
Good Job
+1 Reply
Mahtab_Tradia BeamStreaks
@BeamStreaks thanks
Soon will hit support already! thanks for sharing!
+1 Reply
Mahtab_Tradia TopTradingSignals
@TopTradingSignals your welcome
This looks really good i like it how you menage things :)
+1 Reply
Mahtab_Tradia Zaks_ForexSignals1
yeah, the bullish flag was there indeed! alas
+1 Reply
Amazing work here! Thanks for sharing
stay awesome mahtab jan
+1 Reply
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