XAUUSD - POTENTIAL SHORT ENTRY
XAUUSD OUTLOOK
Price is approaching towards an order block where major resistance is lurking, creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:3.
SL can be placed above the order block region whereas TP can be placed in the region of the previous high and also where the fair value gap would be mitigated.
Price is approaching towards an order block where major resistance is lurking, creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:3.
SL can be placed above the order block region whereas TP can be placed in the region of the previous high and also where the fair value gap would be mitigated.
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