XAUUSD WEEKLY TRADE IDEA
Updated
Hi all..
This is my forecast for xauusd;
I see resistance at 1973.160 after many rejections on that level.
On the high low structure, I believe we have a double top pattern.
so I'm shorting gold for a 50% retracement as long as the price doesn't close over the 1987.530 level.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
This is my forecast for xauusd;
I see resistance at 1973.160 after many rejections on that level.
On the high low structure, I believe we have a double top pattern.
so I'm shorting gold for a 50% retracement as long as the price doesn't close over the 1987.530 level.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
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