This chart shows related to XAUUSD overview and projection. A meaningful touch on each Resistant before until (another 2, probably) or when the price is backed on trend line and ranging back, for sure.
My View , by looking at the chart, RGTBHD (TF DAILY)
- uptrend mode, direction UP (ride til bend (lifeline on 3 redlines)
- now retrace to nearest Support, in this trade idea is the EMA7(S1), EMA21(S2) and last at the LIFELINE (3 layer or red EMAS)
- the price relatif (indicator below) also on retrace and currently have stayed for a long time at top.
Only ideas...
TREND change today.
HWGB, target SR level after a good recovery today (19/10/2020). ONLY if could maintain above 875 as playing above the MA20 level(dynamic)
SIMPLE VIEW ON IT..
AFTER A SERIUS OF UPTREND *EPISODE, FOLLOW BY A BIG CORRECTION, (ALMOST 3 LVL OF R) THEN TRYING BACK TO THE INTACT WITH MEDIUM MODE AS IT APPROACHING THE 295/300 LEVEL.
BREAK THIS LEVEL OF R, WILL TREND FURTHER, AND NEED ANOTHER BEND BEFORE HISTORY REPEAT ITSELF..
IF NOT, THEN ITS JUST A HIT N RUN ; THE CONCEPT OF SELL REENTRY (BUY FOR...
WITH ALMOST A YEAR PRICE IS PLAYING BELOW THE MID TERM RANGE, NOW SURGE UP AND BREAK THE TREND
STILL WEAK, BUT REFERS TO VOL THAT CAME IN, IT WILL TRY TO TREND FURTHER. NEED TO BREAK THE TL AND 365 LEVEL TO INTACT UP AND CHANGE THE MINOR TREND
MODE ; UP
TREND : BEAR
KRONO NEED TO BREAK THE TREND LINE AND MAINTAIN ABOVE THE WHITE LINE TO INTACT UP.
WITH VOL CONSISTENT IN, SHOUL HAVE NO PROBLEM TO TREND FURTHER. TP AT FIBO/OPEN BEAR.
MODE ; UP
TREND ; BEAR
PRICE NEED TO STAY ABOVE THE S LEVEL AS IT NOW SHOW POSITIVE MOVES (BREAK THE MA 20 LEVELS)
SHORT TERM INTACT UP , NEED TO BREAK THE TL FOR TREND CHANGE
MODE UP
TREND MAJOR - BEAR
WILL MAKE A VALIDATION TODAY TO MOVE HIGHER (BREAK THE TL) AND THE OPEN BEAR , AFTER CLOSING THE GAP.
AS LONG THE PRICE ABOVE THE GAP LEVEL AND THE DAILY S, ITS CONSIDER INTACT UP
