XAUUSD TO 1900?

9 thg 7, 2020

FINALLY BREACHED 1800

WE HAVE BEEN BREAKING MAJOR MONTHLY RESISTANCES ONE AFTER THE OTHER FOR THE PAST YEAR FROM 1500 TO 1600 ALL THE WAY UP TO 1700 AND NOW TO 1800!
ARE WE LOOKING TO REACH 1900 AND MAKE NEW ALL TIME HIGHS??

WE HAVE REMAINED BULLISH ON DAILY AND 4H TIMEFRAMES
DAILY AND 4H BULLISH TREND LINES REMAINS RESPECTED AND KEEPS PUSHING FORWARD TOWARDS HIGHER PRICES

PRICE CURRENTLY AT DAILY RESISTANCE @1808
IF PRICE BREAKS OUR 1H TRENDLINE, WE ARE LOOKING FOR PRICE TO RETRACE DOWN TO PREVIOUS DAILY SUPPORT @1795 WHICH IS ALSO OUR 50% FIB RETRACE
IF PRICE RESPECTS SUPPORT AT 50% FIB RETRACE WE CAN LOOK TO PLACE POSITIONS AND HOLD TO TAKE PROFIT 1 AT PREVIOUS MONTHLY RESISTANCE @1827 AND SO FORTH TOWARDS 1900

PRICE CAN ALSO OTHRWISE RESPECT OUR 1H TREND LINE AND SHOOT STRAIGHT UP TOWARDS PREVIOUS RESISTANCE AT 1827. THEN WE CAN LOOK FOR A MAJOR RETRACE BACK TO PREVIOUS SUPPORT OF 1800 ONCE TOUCHED

PLACING AGGRESSIVE POSITIONS AND HOLDING ALL THE WAY UP TO 1900
PLACING CONSERVATIVE POSITIONS AND HOLDING TO PREVIOUS MONTHLY RESISTANCE @1827