Hi everyone, its been awhile here. here are the probable setup to expect from XAUUSD.
Pure price action.
XAUUSD in a downtrend channel, hence we just wanna be looking for sells.
However if price breaks above upper channel trendline, we wait for confirmations that it wont break back in and confirmation for continuation to the upside.
using supply and demand technical analysis strategy for entry (CHoCH), combined with basic pure price action, trend, chart pattern, support and resistance, fibonacci as well as candlestick pattern.
Pure price action.
XAUUSD in a downtrend channel, hence we just wanna be looking for sells.
However if price breaks above upper channel trendline, we wait for confirmations that it wont break back in and confirmation for continuation to the upside.
using supply and demand technical analysis strategy for entry (CHoCH), combined with basic pure price action, trend, chart pattern, support and resistance, fibonacci as well as candlestick pattern.