XAUUSD 5/5/21

5 พ.ค. 2021

Gold Bias

Reasons for longs

Daily: Price is still in a bullish trend seems to have
formed a double top though with rsi divergence
really struggling to break and close above
resistance level moving averages are still below
price indicating could be more buying pressure

H4: Price is very choppy one thing I like is how
price has come back to support where it has
been indecisive many times showing that there
is strong buying pressure at this level even has
formed a double bottom along with .786 on fibs

H1: looking for a Break and retest of minor
resistance level before taking a long position
if minor resistance is broken and holds as a
level of support and I get a clear buy signal
longs will be my desired trade low risk % as
market is very choppy