Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
XAUUSD is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
XAUUSD is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich