Who Knows Gold is Going to Touch it's High Again
Instrument: [XAUUSD]
Time Frame: H3 Chart
Observations:
1. Identified strong Buyer and Seller zones within a Parallel channel flow with Bullish trend.
2. Trend has consistently respected Seller and Buyers Zone 2 times with instances of reversal.
4. Price is reversing to Bearish trend upon hitting 2683
5. Current price action shows respect for the Resistance zone again after Touching The Zone Of 2600_2607
6. Fast Moving Average line has also crossed the Slow moving Average line from Downside to up showing for uptrend now
Trading Strategy:
Put Your Entries in the Zone of 2600_2607 for a cofrim Buy upto 2660
Putting Stop Loss= 2590
Enjoy Profit Upto 600 Pips
Time Frame: H3 Chart
Observations:
1. Identified strong Buyer and Seller zones within a Parallel channel flow with Bullish trend.
2. Trend has consistently respected Seller and Buyers Zone 2 times with instances of reversal.
4. Price is reversing to Bearish trend upon hitting 2683
5. Current price action shows respect for the Resistance zone again after Touching The Zone Of 2600_2607
6. Fast Moving Average line has also crossed the Slow moving Average line from Downside to up showing for uptrend now
Trading Strategy:
Put Your Entries in the Zone of 2600_2607 for a cofrim Buy upto 2660
Putting Stop Loss= 2590
Enjoy Profit Upto 600 Pips
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