Updating my chart trendline where XAUUSD will bounce up
Updated
Update from my previous XAUUSD chart, based on the trendline it should bounce up again in a couple days forward. If it goes above 1882, then it's likely will touch 1900 level at the resistance. But who knows.... I'm not a fortune teller.
Buy @ 1875
SL @ 1860
Buy @ 1875
SL @ 1860
Trade closed: stop reached
Good learning curve, 2 reasons:- it's risky to trade against trend.
- the price weren't rejecting, it stayed at 1870 - 1878 level the entire day without any sign of high movement, so the strong sell still heavy.
Note
It's rejecting but apparently stop reached first.
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.