XAUUSD 30/5/21
Monthly: 1 day until monthly candle closes
but overall trend is bullish price has had a major
bullish reaction since 1680 has left no wick to the
down side and looks to be closing above my weekly
key level @1850
Weekly: Super bullish will only be looking to take
longs price is coming up to a strong level of
resistance previous week did close as a strong
bullish engulfing candle stick
Daily: Price has already rejected Daily key
level once if it breaks and retests price is more
probable to continue trading bullish
if it rejects could see some bearish momentum
to retests broken weekly key level
H4: Price has created a HH and now potential
Higher low retesting broken resistance holding
as a level of support also rejecting 50SMA could
see a retracement back into minor level of
resistance on the lower time frames for a intra
day move back into previous daily key level
highs
but overall trend is bullish price has had a major
bullish reaction since 1680 has left no wick to the
down side and looks to be closing above my weekly
key level @1850
Weekly: Super bullish will only be looking to take
longs price is coming up to a strong level of
resistance previous week did close as a strong
bullish engulfing candle stick
Daily: Price has already rejected Daily key
level once if it breaks and retests price is more
probable to continue trading bullish
if it rejects could see some bearish momentum
to retests broken weekly key level
H4: Price has created a HH and now potential
Higher low retesting broken resistance holding
as a level of support also rejecting 50SMA could
see a retracement back into minor level of
resistance on the lower time frames for a intra
day move back into previous daily key level
highs
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