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The April TradingView competition is sponsored by PEPPERSTONE.
Accordingly, we will look at the coins (tokens) and items that can be traded in the competition.
I will tell you about the XAAUSD chart.
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(XAAUSD 1D chart)
It is continuously updating the new high (ATH).
Accordingly, the key is whether the price can be maintained above 3044.61 and rise to around the Fibonacci ratio 1.414 (3102.84).
Therefore, if the price is maintained above 3044.61 when the competition starts, a long position is expected to be advantageous.
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(30m chart)
The areas marked with circles correspond to support and resistance areas.
Among them, the important support and resistance areas are around 3044.61, 3019.81, and 2998.08.
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Thank you for reading to the end.
I hope you have a successful trade.
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