0412 XAUUSD update for buyers
GOLD has made a strong rally on this Tuesday which help us to finish a trade with all targets hit with 220 pips.
The purple arrow is the new 1st swing now has made it to the 1st R/S zone.
Should wait for 4h chart signals to see if gold can break this level.
For sellers, all those purple R/S zone could be a good position to sell only if strong selling signal appear on daily chart .
For buyers, now it is not a good time to open a trade to buy. Better wait for 4h signals.
Based on weekly chart, we are now prefer a buy option as the long term channel is still possible send price up to retest last top.
LESS IS MORE!
The purple arrow is the new 1st swing now has made it to the 1st R/S zone.
Should wait for 4h chart signals to see if gold can break this level.
For sellers, all those purple R/S zone could be a good position to sell only if strong selling signal appear on daily chart .
For buyers, now it is not a good time to open a trade to buy. Better wait for 4h signals.
Based on weekly chart, we are now prefer a buy option as the long term channel is still possible send price up to retest last top.
LESS IS MORE!
