#XAU Hey everyone, how's everyone holding up through the dips? 😆
Today was a bit busy, but I finally had some time to pull up the charts. H1 is currently in a SW accumulation phase, so keep an eye on it. If we break the support, be ready to short.
H4 is bouncing back, but the MACD is looking weak. The previous candlestick was sold off. Time to reduce your position size to protect previous profits, folks.
There’s a chance we might test around ~4.5k.
If we break below ~4.5k and close with a red candle without a strong wick, consider this bounce to be over.
For any profitable trades, move your stop-loss to a positive position. Stay disciplined and don’t get greedy.
Wishing everyone a peaceful evening.
Today was a bit busy, but I finally had some time to pull up the charts. H1 is currently in a SW accumulation phase, so keep an eye on it. If we break the support, be ready to short.
H4 is bouncing back, but the MACD is looking weak. The previous candlestick was sold off. Time to reduce your position size to protect previous profits, folks.
There’s a chance we might test around ~4.5k.
If we break below ~4.5k and close with a red candle without a strong wick, consider this bounce to be over.
For any profitable trades, move your stop-loss to a positive position. Stay disciplined and don’t get greedy.
Wishing everyone a peaceful evening.