Gold (XAUUSD)Short
XAUUSD-bias short
Updated
Bearish indications:
Made a new low
Bearish engulfer candle from the lower high.
MA respected.
Forming bearish flag indicated pair movement to bearish side.
Head and shoulder pattern formation from the resistance.
MA respected in 4 hrs
Bullish indications:
Support respected at 2421
Trade plan bias short @ 2635
SL:2649
TP1:2623
TP2:2611
Made a new low
Bearish engulfer candle from the lower high.
MA respected.
Forming bearish flag indicated pair movement to bearish side.
Head and shoulder pattern formation from the resistance.
MA respected in 4 hrs
Bullish indications:
Support respected at 2421
Trade plan bias short @ 2635
SL:2649
TP1:2623
TP2:2611
Trade closed: stop reached
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