Here we have the possibility of price breaking 1480 and staying under...however its always good to consider a bounce from this area to wipe out the SL's or orders in this heavily popular area for Price action
If price breaks and stays under 1480 we could see it turn down to 1420 Zone....
Lets watch price see what it does dont forget its the end of the month and we...
Just an insight into lower TF, let price reach the levels you have set out and wait for price to react in the way you want or what your looking for, wicks essesially in this example and levels.
Pretty simple for in and out trades as it comes around quicker :P
I am demo trading and documenting my progress. This is not intended to be a sell signal !
Ascending Trend line Structure on 4H met resistance at Weekly 1350.00. Currently respecting resistance on a down trend structure bounce and for extra confluence respecting Monthly resistance at 1300.00.
Retest of Weekly Resistance still possible. Buyers may...
The Monday open squeezed out the bull run along the continuing trend line.
Action from the close pre-Sunday was volatile on the hourly. a lot of volume.
Standard volume action but the volatility has given $XAU a strong bed of resistance.