XAUUSD key support zone !!!!!!

19 февр. 2021 г.Daily

• decending triangle pattern formed
  
• key support on the retracement Fibo 0.236 LVL ( yellow zone )
  
• RSI shows ready to retracement at the level 30
  

H4

• RSI retrace at level 25.6 currently is 27 and shows the retracement is started
  
• MACD shows bearish momentum is exhaustion
  
• MACD line and the signal line ready to cross at the bottom
  

What to do now?

• Long the market immediately or
  
• Waiting for confirmation due to currently is retesting the support zone
  
• Please do your own proper risk management
  

Good Luck to all traders!!!