Today, important numbers were announced. Non-farm Please avoid this period
XAUUSD Daily - Timeframe daily time frame gold
The article analyzes the structure of the price. to look for a buy or sell position according to the price cycle correctly
After gold fell out of the Bearish Flag Came down as planned and got down to the support line 1760 The price was pushed back up with the Buyers.
The price is returning to test the key resistance. Both are the psychology of round numbers 1800. and can also see that the price has returned to the test Bearish Flag with active resistance Let's take a look at the next plans that might happen.
I am looking to sell gold in short-medium
Technical support reasons are as follows.
- Downtrend in TF W1 - Downtrend in TF D1 - Price has a breakout frame and is returning to test. - The price is close to the 1800 psychological resistance.
The plan is to wait for the price to come back to 1800. Then wait for the breakout of the bullish structure in a small time frame. Whether it is a technical reversal signal We need something called a confirmation of trade entry.
Although confirmation cannot make the win rate 100%. But it's what we want, so wait, wait for the market to tell us. We will trade as we see. We will not trade the way we think.
If there is no confirmation signal do not enter the trade If the price breaks resistance 1800, wait for resistance 1830. to look for signs of reversal again (the more expensive the better)
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you.
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