GU is in the 0.5-0.618 Fibon Zone. We need to follow this zone.
If it sides way some candles and have a confirmation and break the present candles, we can use buy stop.
A supporting factor for the buying team is the divergence between price and RSI.
I hope it will be helpful for you. Good luck!
As you see, UJ is sideway now!
I have 2 options for next week mostly for BUY to the next resistance
1. If It breaks the above line with the increasing confirmation, place orders buying. Maybe It will test again as I draw.
You need to follow It carefully to find an entry.
2. It can retrace to 0.5-0.618 Fibon zones then sideway some candles + 1 confirmation then...
What can I see?
1. The price is at 0.618 zone of Fibonnacci
2. The divergence continues to raise between price and occilators.
3. If you use RSI Stoch, you can see the signal of oversell that tells us to buy.
I think It will be helpful for us. Good luck!
Iris Ngo.
XAUUSD is in a nice channel!
What should we do next week? 90% for uptrend - 10% for downtrend with condition It breaks 1837.xxx
1. We can buy at the lower channel line
2. can buy at 1949.xxx
3. can buy at 1959.xxx
4. follow the RSI oscillator to find a oversells signal to BUY
I hope It will be helpful. Good luck!
Iris Ngo.