XAUUSD H1: The Chaos Theory Forecast for the Asian Session on 11.11.2024
09.11.2024 01:01
Technical
The analysis of the current market situation shows that the phase space is defined as southern. The price has fallen below the lower fractal. This may indicate the beginning of a downward movement. To gain the information about the strength and energy of this movement, let's pay attention to the positions of other indicators on the chart.
The Awesome Oscillator indicator has consolidated below the zero mark.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
As an epilogue to the analysis, the southern direction of price movement is noted to be considered as a priority. At the same time, the indicators contain signals about the possible development of a correction, which should be used to search for entry points at more beneficial prices.
📊 Sell Stop 2682.790
❌ Stop Loss 2689.903
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
The Awesome Oscillator indicator has consolidated below the zero mark.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
As an epilogue to the analysis, the southern direction of price movement is noted to be considered as a priority. At the same time, the indicators contain signals about the possible development of a correction, which should be used to search for entry points at more beneficial prices.
📊 Sell Stop 2682.790
❌ Stop Loss 2689.903
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.