salvanost

support resistance using MA 9, waiting 1956 retest

salvanost Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I find this easy technique to determine support resistance using MA 9 and MA 55
just mark all the curve from the MA (the blue MA, on this chart MA 9)

note: this is experimental technique, find when I'm scalping using small TF
I wont use this technique again if no retest to 1988 and 1956

treat it as useless technique, or treat it as a number like fibo (as u know not all number in fibo need to be retested)
Comment:
on daily quite hard to use MA 55, but it still okay since MA = trend, under ma = bearish trend, also under ma = under mid zone RSI
Comment:
MA 55 on daily zoom out
Comment:
summary of daily
MA 9 = 2060, 2034, 2007, 1988, 1956
MA 55 = 2030, 1995, 1943, 1894, 1876

now here the MA 55 of 4h
MA 55 = 2064, 2037, 2006, 1987, 1956

as you can see very similar to MA 9 of daily, so we can use this similarity to confirm there is connection between MA 9 and MA 55 using different timeline
Comment:
MA 9 weekly
Comment:
REMINDER DIFFERENT BROKER DIFFERENT MA
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.