XAUUSD Trading plan based on break outs
Gold is trading inside a Channel Down since the December 3rd All Time High.
The Lower Lows so far have been almost equal, -3.27% and -3.12%. If this pattern holds the next Lower Low can be -0.15% lower, i.e. -2.97%.
Trading Plan:
1. Sell as long as the price trades inside the Channel Down.
2. Buy if it breaks above.
Targets:
1. 1938 (-3.00%).
2. 2018 (contact with the MA50 (4h)).
Tips:
1. The RSI (4h) is on a Rising Support so far, being much like November 10th. If it holds while the price makes a Lower Low, it will favor more the bullish scenario.
Please like, follow and comment!!
The Lower Lows so far have been almost equal, -3.27% and -3.12%. If this pattern holds the next Lower Low can be -0.15% lower, i.e. -2.97%.
Trading Plan:
1. Sell as long as the price trades inside the Channel Down.
2. Buy if it breaks above.
Targets:
1. 1938 (-3.00%).
2. 2018 (contact with the MA50 (4h)).
Tips:
1. The RSI (4h) is on a Rising Support so far, being much like November 10th. If it holds while the price makes a Lower Low, it will favor more the bullish scenario.
Please like, follow and comment!!
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.