Gold (XAUUSD)Short
GOLD - 4h time frame analysis
hi Traders
As we can see the price has been rejected multiple times at the downsloping resistance.
We expect the price to retest this level again and get rejected. The short position can be opened at the downsloping resistance retest.
The stop loss should be placed around 2672.
Target: 2625.
Good luck
As we can see the price has been rejected multiple times at the downsloping resistance.
We expect the price to retest this level again and get rejected. The short position can be opened at the downsloping resistance retest.
The stop loss should be placed around 2672.
Target: 2625.
Good luck
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