XAUUSD SELLING OPPORTUNITY AFTER A BEARISH BAT 61.8 RETRACEMENT
XAUUSD FORMED A BEARISH BAT AND PRICES DROPPED AS EXPECTED. HOWEVER TODAY IT HAD A STRONG RALLY THAT'S STRUGGLING TO CLOSE ABOVE THE 0.618 FIB RETRACEMENT LEVEL. IM WATCHING CLOSELY FOR A SELLING OPPORTUNITY AT 0.618/0.786/0.886 LEVELS. THIS SET UP WILL BE INVALIDATED BY A DAILY CLOSE ABOVE THE BAT PATTERN D POINT.
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PRICE FELL FROM THE 61.8 LEVEL AS EXPECTED1ST TARGET 1319
2ND TARGET 1298
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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.