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Indecision

XAUUSD – Historic Volatility Doji at 1.618 | Exhaustion SignalXAUUSD – HTF Exhaustion at 1.618 | Major Volatility Signal Formed GOLD HAS PRINTED ITS BIGGEST DOJI IN ENTIRE HISTORY OF DAY CANDLE NEARLY 490$ FROM LOW TO HIGH AND ENDED WITH INDECISION. LETS SEE WHAT HAPPENS NEXT . WAIT FOR LOW AND HIGH OF DOJI.......? Gold has reacted precisely from the 1.618 Fibonacci extension zone (~5600), where price printed a high at 5597.04 and faced strong rejection. The current Daily candle is forming an exceptionally large indecision candle (Doji-like structure) after a strong impulsive move. With an intraday range of nearly 490$, this candle highlights clear exhaustion and aggressive profit-taking at premium prices. Technical Perspective Clear rejection from the 1.618 extension resistance Strong volatility spike following a vertical price expansion Daily candle structure suggests weakening bullish momentum Key HTF Levels to Watch Resistance / Supply: 5580 – 5615 Immediate Reaction Zone: 5350 – 5400 Major Support / Rebalancing Area: 5000 – 4900 HTF Value Area Low: Below 4900 (only if bearish momentum accelerates) Expectation (Next Sessions / 1–2 Weeks) As long as price remains below the 1.618 rejection zone, probability favors: Consolidation or corrective price action Gradual rotation toward 5000–4900 HTF demand No immediate V-shaped recovery unless strong acceptance above 5600 is seen
FX:XAUUSD
by FOREXPILOTPRO
1
HCL TECHNOLOGIES.... TO GO LONG OR SHORT?We can see the script getting rejected at the level of major resistance on multiple occasions. The recent long green candle at this resistance level was considered a good breakout by most traders. Points in favor of a pullback, The breakout candle was followed by a bear candle of decent size. The follow-through from the breakout candle is not good, indicating huge selling pressure. This is also confirmed by the higher volumes in the red candle than the breakout candle. There is also a bullish divergence in the RSI pattern. Points favor of a breakout, The red candle is still above the line of major resistance. The script after getting rejected from the resistance level a few days back didn't fall back to its support zone (around 900) but is trying to break the resistance again. Multiple hit at the resistance line is likely to weaken it eventually breaking the resistance soon. So, now breakout or breakdown? We should wait for one more day and the next candle will decide the course of action. A long green candle can suggest a long trade and a Doji or hammer or long red candle suggest selling and rejection in the script. Happy trading!
NSE:HCLTECHEducation
by Stock-Holmes
1