27-5-2020 - H4 Gold - Neutral atm

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Following Tuesday Session, Price has respected the SMA 50 and Institutional Level 1735 along with the Descending trendline as it dipped to the downside. Price has confluence with the 4H Bearish Tideshift as the SMA 50 goes flat before crossing over with the EMA 14.

As of now, Price has temporarily found support on 1705 level and has been trying to retrace higher. However, it still have not tap the EMA 200 which would indicate that the Bearish Tideshift is potentially still in play.
But at the sametime Price seem to be approaching the Daily MSB Fib Level.

I will wait for price to show clearer price action on the lower TF before looking for setup.

Bias = Neutral
Structure = Corrective
Setup = No


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out