XAUUSD Sell - Approaching Extreme Resistance
Updated
Gold approaching an extreme weekly resistance and massive supply. After successful rejection and retest taking a sell with a pending order here for a retest on lows. US Dollar fundamentals showed a positive outcome, however gold kept rising. USD is currently oversold in all pairs.
Fundamentals are positive for USD.
Sell limit @ 2048.00
SL @2058.00 (100 pips)
TP1 @2030.00 (180 pips)
TP2 @2018.00 (300 pips)
TP3 @1997.00 (510 pips)
TP4 @1982.00 (660 pips)
Risk Reward Ratio : 6.6.
Good luck.
Fundamentals are positive for USD.
Sell limit @ 2048.00
SL @2058.00 (100 pips)
TP1 @2030.00 (180 pips)
TP2 @2018.00 (300 pips)
TP3 @1997.00 (510 pips)
TP4 @1982.00 (660 pips)
Risk Reward Ratio : 6.6.
Good luck.
Note
Tragic that I did not get the entry on this, TP2 has hi with 300 pips lol
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.