GOLD (XAUUSD): Important Test of Structure! Watch Carefully

4 апр. 2021 г.

Two equal lows are always considered as important reversal clue in price action trading.
With a two consequent bullish candles, we saw a strong bullish pressure the last two days.

The last resort for sellers is a resistance line of a falling parallel channel on a daily.
To catch a bullish swing, wait for its breakout.
It will be a perfect confirmation.

Next resistances:
1755
1800

In case if a trend line is respected and the price sets a new ll, bearish continuation will be expected.

Please, support my work with a like and comment.

6 апр. 2021 г.

Комментарий

Check my new idea on EURGBP: