mann456

Bearish bullish until the monthly cups up on stocs rsi cups up

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
on the monthly stocs rsi or the weekly bottoms. Means we are in a range until bulls or bears take full control.

Bears are in only for liquidity grab but price always bounces do bulls are still in control.

Price above 200MA is still bullish on the daily time frame. 1842.17 at the time of this publish.

Bears cannot break the daily bottom that easily unless a major bad news and yet it will will wick up again.

Last wick below the daily 200MA was 30th Nov. 2020 at 1765 was a daily wick back up.

Comment: Hi all. It seems I will be reconsidering my bear position on account of new rev. Though i believe the weekly is poor support to the daily and the daily hence is weak.The monthly approaches us in a new support to the weekly.Therefore by first week of February we could get a new higher low. Which means even if the daily dumps it may not go lower than 1806. Monthly support is key to the poor weekly chart.