XAU/USD 04.09.2023 short
Updated
XAUUSD Hello traders,
For today and this week, I'm looking for some sell positions. Today, I'm specifically eyeing a sell trade around the 1948 area. We've seen multiple rejections at this level, and the 4-hour Fibonacci also aligns perfectly with its 78% level. However, before entering this trade, I want to see some bullish momentum from DXY. It's essential to keep in mind that today there are no major news releases, which might result in lower trading volume. So, let's continue to monitor the market closely.
Trade closed: target reached
Made a 112pips profit of it.
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