Possible short opportunity on XAUUSD because...
1. Price has started making lower highs and lower lows.
2. Price has hit resistance.
3. Price is retesting the institutional candle made ( last up candle ).
Price could possibly rise to the 50% fib retracement, and then possibly go down.
TP: 1850
SL: Around 1883, above the institutional candle.
1. Price has started making lower highs and lower lows.
2. Price has hit resistance.
3. Price is retesting the institutional candle made ( last up candle ).
Price could possibly rise to the 50% fib retracement, and then possibly go down.
TP: 1850
SL: Around 1883, above the institutional candle.
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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.