[SELL] XAUUSD - Bearish - I look to Sell at 1957-60
◾ Price action remained pressured last week resulting in further losses, recording a 3.50% fall from the recent highs
◾ Further downside is expected
◾ We look for a temporary move higher
◾ Resistance is located at 1960 and should cap gains to this area
◾ We look to sell rallies
Stop: 1982.0
Target 1: 1902
Target 2: 1875
Target 3: 1850
Chart
◾ Price action remained pressured last week resulting in further losses, recording a 3.50% fall from the recent highs
◾ Further downside is expected
◾ We look for a temporary move higher
◾ Resistance is located at 1960 and should cap gains to this area
◾ We look to sell rallies
Stop: 1982.0
Target 1: 1902
Target 2: 1875
Target 3: 1850
Chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.