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XAU/USD (Gold Analysis) Week 12th to 16th July 2021

Analytic Dave

Jul 10, 2021

XAUUSD Weekly Level Analysis

Week 12 July to 16th July 2021

#forexx, Fx,, # Markets #XAU #XAUUSD #GOLD

High 1818.06

Low 1796.27

Close 1808.46

Resistance One: 1822.53

Pivot: 1803.39

Resistance Two: 1837.20

Resistance Three: 1856.25

Support One: 1 1788.72

Support Two: 1769.60

Support Three: 1754.93

XAUUSD Weekly Bias: DownTrend

⬇⬇⬇

Video Summary

Analytic Dave

AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.

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FAQ

Q1: What is the best trading indicator?
A: Commonly used indicators include Moving Averages, RSI, MACD, and Bollinger Bands.

Q2: Can I rely solely on indicators?
A: No. Combine indicators with risk management and market analysis.

Q3: How many indicators should I use?
A: 2-3 complementary indicators are ideal to avoid conflicts.

Q4: Are trading indicators useful in crypto markets?
A: Yes, but combine with volatility indicators due to high swings.

Q5: How do I combine indicators effectively?
A: Use one trend, one momentum, and one volume/volatility indicator for confirmation.

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