XAU USD 1 hour chart analysis and for next week with a probable price action.
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Disliked{quote} Try to test and add the Bank-Levels indicator attached to the chart for your analysis to see where the Big Banks are placing their daily orders and when they are done price moves either up or down. Good luck on your analysis. You may find obviously that at a time the big banks are placing their order for liquidity twice on the same day and price move vigorously then either on an uptrend or a downtrend. So test it first on your demo account and to check how to use this indicator. {file}Ignored
Disliked{quote} It is plotting a trendline at a specific time; for me, at UTC+5:30, it plots at 16:30 on my chart. Is there anything special about that time? {image}Ignored
Drawbacks
DislikedXAU USD 1 hour chart analysis and for next week with a probable price action. {image}Ignored
Disliked{quote} H1 can also be a head and shoulders forming. However price action in the last few hours of trading of the week, month and quarter can often be misleading (we have all 3) in terms of what happens next. Particularly in lower time frames. Price action at the opening of a new month can also give the wrong impression. {image}Ignored