XAUUSD: Welcome to November
Levels on chart.
The orange levels are the strongest levels. Thick red lines = also fairly strong.
Whenever price comes to these levels, good R/R exist for going long or short on intraday basis. At orange lines we find potential tops or bottoms.
The orange levels are the strongest levels. Thick red lines = also fairly strong.
Whenever price comes to these levels, good R/R exist for going long or short on intraday basis. At orange lines we find potential tops or bottoms.
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Price taken out first monthly resistance. Next is 1288
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Close to the 1288 monthly resistance. This area: 1288-1290 is strong resistance (but not as strong as the level above @ 1305).
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1288.5 hit as show on chart. Strong level. Bears must lick their wounds now and be brave again to short again. Just so we can steal their money again since they never learn :)
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Watch 1284.75 for reaction
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That is an intraday level that was passed a bit fast
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I see another provider had 1284.8 as close. This is good for bull
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Tested an upper and a lower monthly resistance/support. Closed above the monthly strong 1275. Sentiment should be reset among peanutpickers :)
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Very bullish walk on the MONTHLY levels.
Very bullish walk on the MONTHLY levels.