XAUUSD-H4.Trend Analysis. 2020/04/25

26 באפר׳ 2020

SYM: XAUUSD-H4
Time: 2020/04/25 00:00:00 UTC
Trend Analysis

This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.



• Trend’s Analysis

Term Trend
Short (STTL).................. Neutral
Mid (MTTL)................... Mid Bullish
Long(LTTL).................... Very strong Bullish

o XAUUSD_H4 broke above the Strong Bearish-LTTL1, at 1612.56, 85 candles ago. This is a Bullish sign. This broken downtrend line may now provide downside support. Volume on the candle of the breakout was quite light (30% below average). The most reliable breakouts are accompanied by increased volume.
o XAUUSD_H4 broke below the Strong Bullish-LTTL2, at 1708.08, 34 candles ago. This is a Bearish sign. This broken downtrend line may now provide upside resistance. Volume on the candle of the breakout was quite light (60% below average). The most reliable breakouts are accompanied by increased volume.
o XAUUSD_H4 broke above the Strong Bearish-MTTL, at 1712.12, 10 candles ago. This is a Bullish sign. This broken downtrend line may now provide downside support. Volume on the candle of the breakout was heavy (100% above average).
o The most recently confirmed uptrend line in long term for XAUUSD_H4 is Very Strong Bullish LTTL3, and we will expect that price has some difficulties to fall below this trend line. A break below this trend line (particularly on heavy volume) would be a Bearish sign.

o The current market condition for XAUUSD_H4 is: Strong Bullish
• The close is currently Above its 200 periods moving average.
• The close is currently Above its 90 periods moving average.
• The close is currently Above its 30 periods moving average.


• Supports and Resistance
o Supports
Price Power
1701.09................. Weak/B
1684.63................. Weak/A
1666.38................. Very Weak/A
1643.54................. Weak/B
1618.39................. Mid

o Resistances
Price Power
1753.31................. Weak/B
1781.20................. Mid
1812.01................. Weak/B
1826.08................. Weak/A
1892.04................. Weak/A


o XAUUSD_H4 broke above the upside Weak Resistance level of 1684.63, 17 candles ago. This is a Bullish sign. This previous resistance level of 1684.63 may now provide downside support. Volume on the day of the breakout was neither extremely heavy nor extremely light and providing no convincing evidence either way as to the validity of the breakout.
o The most recently confirmed downside Mid Support level for XAUUSD_H4 is around 1618.39. and we will expect that price has some difficulties to fall below this level. A break below this level (particularly on heavy volume) would be a Bearish sign. If you decide to trade XAUUSD_H4, this price is important.
o The most recently confirmed Upside Mid Resistance level for XAUUSD_H4 is around 1781.20, and we will expect that price has some difficulties to break up this level.
o The Weak Resistance level for XAUUSD_H4 is around 1826.08 is important for traders and we will expect that price has some difficulties to break up this level.
o The Weak Support level for XAUUSD_H4 is around 1701.09 is important for traders and we will expect that price has some difficulties to break down this level.

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This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.