XAUUSD

Gold OANDA:XAUUSD

angelvalentinx

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Outlook: Starting out with our 5hr time frame, price has been accumulating and showed a valid impulse above the 10 and 20 ema. Price has corrected on our 5hr time frame below the 10 and 20ema showing a valid correction but we still are inside our impulse leg that we created on the 5hr. What I want to see now is I want price to show bullishness and conviction above the 10 and 20emas on our 30m time frame and then show a correction showing re-accumulation just like we did on our 5hr time frame. I want to see this for gold before scaling down to my 5m entry time frame.

Bias: Bullish but needs time on our 30m time frame to show an impulse and correction above the 10 and 20emas.

source https://www.tradingview.com/chart/XAUUSD/waK0Ljxc-XAUUSD/