XAUUSD: daily bullish ranging within s/r levels for direction XAUUSD Gold vs US Dollar
XAUUSD: daily bullish ranging within s/r levels for direction
Gold daily price is above Ichimoku cloud with the primary bullish area of the chart, but the Stochastic indicator is near to be in overbought condition indicating the possible correction in the near future for example. The price is on secondary ranging within 4169/4353 support resistance levels waiting for the direction of the secondary correction to be started or for the strong bullish trend to be continuing. Recommendation: waiting for the direction of s/r lines to be crossed by the daily close bar.
XAGUSD Long Term Idea: weekly price is going to break main resistance level for the bullish trend to be continuing XAGUSD Silver vs US Dollar
XAGUSD Long Term Idea: weekly price is going to break main resistance level for the bullish trend to be continuing

W1 price is continuing with bullish trend: the price is located far from Ichimoku cloud in the bullish area of the chart. Chinkou Spam like is indicating the strong primary bullish trend; the price is trying to test resistance level at 64.64 to above for the bullish trend to be continuing. W1 timeframe: - if the price breaks the resistance at 64.64 to above on weekly close bar so the strong bullish continion will be continuing; - if not so the price will be on secondary ranging within s/r levels waiting for the direction of the secondary correction to be started or to the bullish trend to be resumes. Recommendation for long: watch close W1 price to break 64.64 for possible buy trade. Recommendation to go short: watch weekly close price to break 45.54 support level to below for possible sell trade. Trading Summary: primary bullish