Gold Analysis in 1H Chart
Instrument: [XAUUSD]
Time Frame: H1 Chart
Observations:
1. Identified strong Buyer and Seller zones within a disjoint channel flow.
2. Trend has consistently respected Seller Zone 4 Times and Buyers Zone 5 times with instances of reversal.
4. Price is reversing to Bullish upon hitting the support zone at 2634
5. Current price action shows respect for the Resistance zone again by retesting the Zone of 2634 to 2628
6. As we are observing Fast Moving Average line has also Indicated the change of direction
Trading Strategy:
Put Your Entries in the Zone of 2633 to 2628 for a cofrim Buy upto 200 Pips Profit putting S.L 60 Pips
Time Frame: H1 Chart
Observations:
1. Identified strong Buyer and Seller zones within a disjoint channel flow.
2. Trend has consistently respected Seller Zone 4 Times and Buyers Zone 5 times with instances of reversal.
4. Price is reversing to Bullish upon hitting the support zone at 2634
5. Current price action shows respect for the Resistance zone again by retesting the Zone of 2634 to 2628
6. As we are observing Fast Moving Average line has also Indicated the change of direction
Trading Strategy:
Put Your Entries in the Zone of 2633 to 2628 for a cofrim Buy upto 200 Pips Profit putting S.L 60 Pips
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