Hello Fellow Traders, Here is a Full Analysis For XAUUSD.
Key things to Remember: GOLD has Respected This Channel Many times In the Past! Weekly Supply Area For GOLD - We can expect Institutions to Sell in this Area!
The Best way to follow my Analysis is if the following conditions apply.
Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below (Like , Comment , Follow & share)
Let Me know if you have any Questions or Comments Below!
I have Left my Previous Analysis below for further reference :)
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