Gold (XAUUSD)Short
XAUUSD-bias short
Bearish indications:
day time indicates strong bearish engulfer candle
MA getting respected.
4 hr candle formed with the evening star candle.
Resistance respected at 2658
Bearish divergence in 1 hr time frame.
MA respected.
Double top formation in 2 hr time frame.
As per AB=CD shows 2543 target bearish.
Bearish engulfer candle from resistance in 2 hr time frame.
Trend line support has broken.
Bullish indications:
Morning star candle formation from the support.
Trade plan bias short @ 2639
SL:2659
TP1:2620
TP2:2603
day time indicates strong bearish engulfer candle
MA getting respected.
4 hr candle formed with the evening star candle.
Resistance respected at 2658
Bearish divergence in 1 hr time frame.
MA respected.
Double top formation in 2 hr time frame.
As per AB=CD shows 2543 target bearish.
Bearish engulfer candle from resistance in 2 hr time frame.
Trend line support has broken.
Bullish indications:
Morning star candle formation from the support.
Trade plan bias short @ 2639
SL:2659
TP1:2620
TP2:2603
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