TradingView
Forex_League
Apr 5, 2021 11:42 PM

XAUUSD Analysis April 5, 2021 

GoldOANDA

Description

On the monthly timeframe price is overall bearish as we have broken support and close lower. Last month did close with low volume signaling that some sort of reversal could be in play here
On the weekly timeframe price action has formed to represent a reversal pattern.

I need to see how price reacts on the daily timeframe before taking any long opportunities as we are till below the resistance level. I have mapped out two potential scenarios on the H4 timframe as I want to see how price does at this level before getting into a position
Comments
Jayx271
I’m reading on some fundamentals about this pair so far I’m agreeing
More