XAUUSD, H1 PROJECTION
PAIR: XAUUSD
TIMEFRAME: 1H
It is important to note that the instrument, GOLD is classified as "stock" and does not necessarily behave like the regular currencies.
One may think price would retrace; correction after the impulse move but from experience, price would keep rallying up until trendline -X which marks a channel.
But like always, the pair is full of surprises so one must be careful in picking an entry point.
Lower TFs are best bets for this.
TIMEFRAME: 1H
It is important to note that the instrument, GOLD is classified as "stock" and does not necessarily behave like the regular currencies.
One may think price would retrace; correction after the impulse move but from experience, price would keep rallying up until trendline -X which marks a channel.
But like always, the pair is full of surprises so one must be careful in picking an entry point.
Lower TFs are best bets for this.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.