XAUUSD ( BREAKOUT RESISTANCE TRENDLINE ) ( 4H )

Jul 4

XAUUSD

HELLO TRADERS

• Tendency active bullish after the price breakout the resistance trendline
  
  
• TURNING LEVEL : a blue line between resistance and support level around 2,342$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
  
  
• RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level
  
  
• SUPPORT LEVEL : there is a red line below turning level around 2,317$ , indicates buying have already increase this level , so if the price breaking turning level reach this level
  
  
• PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,342$ , after rising to the resistance level around 2,378 , then stable above this level reach 2,396$ ,
  if the price breaking turning level reach a support level at 2,317$ , then stable by open 4h candle below this level reach a 2,302$
  

TARGET LEVEL :

• RESISTANCE LEVEL : 2,378$ , 2,396$
  
• SUPPORT LEVEL : 2,317$ , 2,302$
  

Jul 5

Trade active

have two scenario to reach a resistance level around 2,378 $ , first may be the price directly reach a resistance level , the second may be dropping to reach a turning level at 2,342$ before long
* today we have a NFP news at 15,30 , in my opinion today we have see a second scenario

Jul 5

Trade active

reach first target , if the price stable 2,378 $ reach next target 2,396$

Jul 7

Note

the price stabilizing the bullish zone , in my suggest corrective 2,375$ before rising