XAUUSD (GOLD): Is it bearish?!
As you can see the 4H chart is Bullish.
but the 15 minutes chart is bearish and till the previous high respected we stay bearish on chart and expect the 15 min supply zone act as a resistance.
So we can expect the price has a bearish reaction to supply zone and we can enter to the sell position with 5 or 1 min. confirmation at 15 min supply zone.
but the 15 minutes chart is bearish and till the previous high respected we stay bearish on chart and expect the 15 min supply zone act as a resistance.
So we can expect the price has a bearish reaction to supply zone and we can enter to the sell position with 5 or 1 min. confirmation at 15 min supply zone.
Order cancelled
Price reached TPs before activating our trade.
Direction was correct.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.