Anbat
Long

XAUUSD- Bullish 4 Rest Of Month!!!

FX:XAUUSD   Gold / U.S. Dollar
95 1 5
REFER TO 4 HOUR CHART FOR MY OPINION:

PA has did a 100% Fib. Retracement from around 1300.00 to 1350.00. RSI is now at around 30 or oversold at this time. *NOTE: Watch out for "W Reversal Pattern" on RSI to happen, which means Bulls are in control. First resistance area noted on chart is around 1300.00 area & second resistance area on chart is around 1350.00. Will wait for a strong bullish reversal pattern to happen on 1 hour or above time frame charts (harami, engulfing or pinbar ) to trade bulls.

Last two four hour candlesticks were DOJI , 1st one was red and last one of trading was green. Keep an eye on watch happens. Again, I will be looking for a strong reversal chart pattern, related to bearish trend being done.
Thanks for sharing, your graphs are beautiful and very readable. They are me a great help to understand technical analysis. Thank you very much and best wishes.
Pedro S. Vagos
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