XauUsd : Support on Trend Line
The RSI being in the overbought zone likely contributed to the price not reaching the target.
Support on Trend Line: Despite not reaching the target, the price took support on a trend line. Trend lines are used to identify and confirm trends in price movements. If the price is taking support on a trend line, it suggests that the overall trend is still intact and the price is respecting this level.
Monitor RSI: Keep an eye on the RSI to see if it moves out of the overbought zone, which might provide more room for upward movement.
Watch Trend Line: Ensure the price continues to respect the trend line for confirmation of the trend.
Confirm Bullish Signal: Look for additional bullish signals or confirmation to validate the potential upward movement suggested by the bullish pin bar.
Support on Trend Line: Despite not reaching the target, the price took support on a trend line. Trend lines are used to identify and confirm trends in price movements. If the price is taking support on a trend line, it suggests that the overall trend is still intact and the price is respecting this level.
Monitor RSI: Keep an eye on the RSI to see if it moves out of the overbought zone, which might provide more room for upward movement.
Watch Trend Line: Ensure the price continues to respect the trend line for confirmation of the trend.
Confirm Bullish Signal: Look for additional bullish signals or confirmation to validate the potential upward movement suggested by the bullish pin bar.