XAUUSD
24.04.2021
Monthly TF
Weekly TF
Daily TF
4h TF
1h TF
Scenario
support area weeks 14.04.2020 till 15.06.2020 should be tested once again, see weekly chart
If Stoch. will be in overbought area when prices near value zone in 1h TF short trade might be profitable.
First target 1757, second target 1745
Your feedback is much appreciated.
24.04.2021
Monthly TF
- downtrend, see MACD
- Stoch. declines and approaches oversold
Weekly TF
- last week doji --> market is undetermined
- price is in the value zone close to EMA 20 Weekly
- MACD shows uptrend --> long trades preferred
- Stoch. approaching rises and approaches overbought
Daily TF
- uptrend broken, last two days downtrend
- MACD declines confirming downtrend --> Short
- Stoch. moved down showing bear power --> Short
4h TF
- last top at 1797.934 with bearish divergence according to MACD, RSI and Stoch. showing reversal of trend since 31.03.2021 --> Short
- Session Volume is above the price level showing down pressure --> Short
1h TF
- price is not in the value zone of MA yet
Scenario
support area weeks 14.04.2020 till 15.06.2020 should be tested once again, see weekly chart
If Stoch. will be in overbought area when prices near value zone in 1h TF short trade might be profitable.
First target 1757, second target 1745
Your feedback is much appreciated.
Trade active:
Shooting star at 6 a.m. UTC+1. First target 1771
Trade closed: target reached:
Reached at 13:10. Next Hour Candle like Hammer?
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