Welcome back, guys! I’m Skeptic, and today we’re analyzing XAUUSD.
In my previous analysis, our long trigger at 2994.16 was activated, and by now, you should be sitting on an R/R above 5. The major trend on the daily timeframe is still uptrend, but we’re sensing more trend weakness than ever.
⚠️ This doesn’t mean we skip a long position when our trigger activates—just that we should manage risk more cautiously.
On the 1H timeframe, it seems we’ve formed an upward channel, with clean reactions to the mid-line, ceiling, and floor. It’s worth noting that during the formation of this channel:
This indicates reduced trader interest in maintaining the bullish channel and hints at potential trend weakness. Considering all this, we have a slight short bias today, meaning we might assign a bit more weight to the short side.
Short Setup:
Trigger: Break below 3024.52 (coinciding with RSI entering the oversold zone)
Long Setup:
Trigger: Break above 3057.64
Thanks for sticking around! Let me know your thoughts, and see you in the next analysis! 💪🔥
Happy Eid to all my Persian friends! <3 :)))
In my previous analysis, our long trigger at 2994.16 was activated, and by now, you should be sitting on an R/R above 5. The major trend on the daily timeframe is still uptrend, but we’re sensing more trend weakness than ever.
⚠️ This doesn’t mean we skip a long position when our trigger activates—just that we should manage risk more cautiously.
On the 1H timeframe, it seems we’ve formed an upward channel, with clean reactions to the mid-line, ceiling, and floor. It’s worth noting that during the formation of this channel:
- RSI has been declining
- ADX is also decreasing
This indicates reduced trader interest in maintaining the bullish channel and hints at potential trend weakness. Considering all this, we have a slight short bias today, meaning we might assign a bit more weight to the short side.
Short Setup:
Trigger: Break below 3024.52 (coinciding with RSI entering the oversold zone)
Long Setup:
Trigger: Break above 3057.64
Thanks for sticking around! Let me know your thoughts, and see you in the next analysis! 💪🔥
Happy Eid to all my Persian friends! <3 :)))
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。