XAUUSD - Gold
Atualizado
Morning Traders
Last night We did analysis for Bitcoin using channels. We will do the same with Gold. I think that channels are more visible to the human eye.
Green rising channel shows three cycles, this is what Japanese traders are talking about indicated by blue circles.
Very often at the end of the third cycle we usually we can expect some kind of price reaction. And we did price change direction on very steep angle.
Is it price make predictable moves? Look on green trend line on the bottom of the chart. Distance to TL is the width of green channel by it self. Pretty cool eh?
On descending channel price show two cycles let’s wait and see what will happen. If momentum will rise, we should see strong price move in the form of long candle and price will stay above blue trendline.
Another scenario price will slowly creating side move and then accelerate with changes.
At this time let’s just wait and let price tell us what direction of the next cycle will be.
cheers
Jim
Last night We did analysis for Bitcoin using channels. We will do the same with Gold. I think that channels are more visible to the human eye.
Green rising channel shows three cycles, this is what Japanese traders are talking about indicated by blue circles.
Very often at the end of the third cycle we usually we can expect some kind of price reaction. And we did price change direction on very steep angle.
Is it price make predictable moves? Look on green trend line on the bottom of the chart. Distance to TL is the width of green channel by it self. Pretty cool eh?
On descending channel price show two cycles let’s wait and see what will happen. If momentum will rise, we should see strong price move in the form of long candle and price will stay above blue trendline.
Another scenario price will slowly creating side move and then accelerate with changes.
At this time let’s just wait and let price tell us what direction of the next cycle will be.
cheers
Jim
Nota
this is H1 close up of the last rising swing. You can see in more details how price is telling us what will do.
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