Hey Everyone! This is my analysis done on XAUUSD. This analysis was done using my personal price action strategy, which I use day to day to trade full time.
Chart Analysis
Don’t hesitate to DM me if you have any questions or inquiries. Watch the chart and ensure using price action, or your strategy as well. Feel free to follow, and leave a like! If you have any recommendations please comment! This is just a set you in my own trading plan, please ensure you observe price action, and watch the price itself for your own strategy too :).
Chart Analysis
- Price seems to be exhausted, nice little down move we had.
- Waiting for some confirmation to enter the trade, such as some candle stick confirmations, or a break of a trendline.
- I will continue to monitor price at these key levels, and ensure price action follows through.
- Fakeout move showing us this is a strong level of support we must worry about.
- Price seems to be creating a new Resistance level, and might move down.
Don’t hesitate to DM me if you have any questions or inquiries. Watch the chart and ensure using price action, or your strategy as well. Feel free to follow, and leave a like! If you have any recommendations please comment! This is just a set you in my own trading plan, please ensure you observe price action, and watch the price itself for your own strategy too :).