XAUUSD 4H Chart - 5th May Market Close
For the XAUUSD short trade, please see my analysis prior to NFP here:
So gold prices did respect the support now changed resistance level of 2325, gold prices popped back up to 2320 before closing out the week at 2301, with 2280 currently being a support level for gold.
Overall speaking I still stand along my perspective of shorting gold and with my
TP1 at ~2195
TP2 at ~2120
So gold prices did respect the support now changed resistance level of 2325, gold prices popped back up to 2320 before closing out the week at 2301, with 2280 currently being a support level for gold.
Overall speaking I still stand along my perspective of shorting gold and with my
TP1 at ~2195
TP2 at ~2120
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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.