XAUUSD Bullish Indications 1- Formation of HH & HL 2- Inverted hammer followed by big Green Candle 3- Major monthly Support zone around 1780 4- 4H trendline support 5- support at 0.786 Fib level 6- Double bottom 7- Confluence of Horizontal support + Fib Level + Trendline bounce 8- For last 7 years, December is green for 5 years, 1 year is neutral and 1 is little red.
So I am long biased. Even if Gold continues downward trend, it may show bounce from major monthly support area and if bears appear to be much powerful than act according to plan B otherwise plan A will be intact. Both plans are mentioned on chart
Please comment for any suggestion, follow and support if you like the idea.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.