$XAU If bulls lose EMAs, might retest ascending trendline which aligns with support. Breaking below this level puts further upside in question. Massive overhead resistance zones remain problematic for bulls, but let's take it step by step for now.
Sr_Max
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$XAU Just as expected, failed to break EMA200 on first try. Pulled back to fuel up at support, watching attempt №2.
$XAU Post-strong dump, bulls managed to form local support aligning with ascending trendline. Will we clear resistance on first attempt? Also, price reclaimed and closed above EMA50.
As seen post-high volatility, downside support levels were tested, and bulls managed to hold bullish structure. Trend-following play, but with tight SL to protect from sudden impulses.
This is a trend following setup, the bearish structure remains intact. Every buying attempt to flip the price ends in another dump. Use an SL to limit your risk.
This is a trend following setup, higher timeframe bullish structure. Locally, bulls managed to establish an uptrend on lower time frames. Watching local resistance, use an SL.
This is a trend following setup. After bears broke the uptrend, price is moving to trade the wick left by the recent squeeze. Use an SL for risk management.
Early signs of trend weakness are popping up, making a short setup relevant. High volatility is still active, so using an SL to protect your capital is mandatory.