Gold XAUUSD Chart Pattern Analysis

Saturday, March 6, 2021

Gold XAUUSD Chart Pattern Analysis

Here are similar historical data that happens in the 26- to 01 December 2020

Let's if there is truth in chart patterns of the Gold XAUUSD - and how it behaves in different situation of the MACD indicator in different time frame

Updated - it goes up as expected

Updated 03-Mar-2021 - So history prove itself right once again the Gold wen't up just exactly like historical of similar patterns. Now let's see on the 4H time frame if history is right once again to break the resistance.

Updated 03-Mar-2021 - So it didn't break the resistance and quickly reverse (History goes differently for how much it should go up)

Updated 09-Mar-2021 - It goes further deeper but reverses now the fight change to daily time frame

Updated 10-Mar-2021 - The unexpected upside has occur after it went deeper now it suddenly goes up and break the resistance that should be broken earlier based on historical data. The patterns of fluctuation seems to play on slighly different landscape.

Updated 11-Mar-2021

Updated 11-Mar-2021 - it went up hit the resistance on the daily time frame and quickly reverse

Updated 12-Mar-2021 - The reversal went deep

Updated 13-Mar-2021 - Quick reversal (This is game of support / resistance (not price action or MACD anymore)

Updated 15-Mar-2021 familiar formation

Updated 18-Mar-2021 Painful gradual upside with high active fluctuations - very small scale movement and dangerous. So the prediction was right just that it looks painful and high emotional play