husseindergham

XAU NEAR FUTURE PREDICTIONS (4HCHART)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Technical Analysis Summary
XAU/USD

TREND ANALYSIS
We have 1 Downtrend in red color
We have 2 Uptrend in green color (Internal Uptrend and Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).


FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.


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Not Financial Advice
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Comment: 4H Back End Resistance level was respected with a huge drop and the daily support level in currently holding the move

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