XauUsd Rate at 1525

31/12/2019 - XauUsd Rate at 1525 is considered as A Secure Resistance Level
Suppressing Target High at 1519
New Support Levels and Targets Low exist at 1468 & 1451
Downtrend Mode.

Handel aktiv:

Minutes Later - 31/12/2019 A Break Above 1525
Will lead to 1530 as Resistance Level
Lower Targets at 1468 & 1451
Will Remain in play to the Downside.

Handel aktiv:

6/01/2020 Mid-Afternoon A Gold Rate Update - From 1525 & 1530 As nominated High & Resistance Level.
The Gold Rate is obversely in-tended on Continuation Higher Highs as of A break above 1530.
So i need to reconsider my decision as to A Mayor Trend-Reversal to the down-side.
As of Current High 1588 -
Is at 127% percent bar on the h4 chart - All other Charts are at An Overbought Value State and at 400% percent bar and well above this Level.
So next Expected Outcome - Is that the Current Trend will find A Consolidation Phase from 1588 Highs -
Current Resistance level is at 1572
Immediate Target Lower & Support Level will include 1501 & 1499.
Downtrend Mode.

Kommentera:

Important Notes : Can you see how trading ideas or trading to rules - Come`s into play as the charts extend more and more relevant data which is needed in order -
So we can qualify the charted picture to outcome
Or drawing in the bigger picture then ? So much more quickly & clearly whilst the trends are establishing themselves.

Handel aktiv:

08/01/2020 Yes - As you can see - Price adds an extra bar length at 200% bar
to 1611 at the 5 minute and 15 minute charts
But will still come back down to 1500 -
I had the chart marked out for this possibility - but was not sure on weather the price would make the adjustment.

Kommentera:

11/01/2020 Gold Rate Update - From Current Low
A Possible Swing attempt towards 1575
then continuation Down-slide onto 1500
As Secure Support Level & Target Low.