xau/usd
moving average indicates valid down trend
gold is at all time high and is looking for a reversal
fib levels has lined up to a 38.20% which is normally a very aggressive turn around looking to put a stop loss in on top of the pull back are put details in below
doesn't line up with a solid support and resistance line because there isn't any at the moment but it has lined up with a few supply. and demand zoned
risk to reward is like 4/1 me personally im running with it !
go short for a new lower low and hold the trade a few days !!!
gold is at all time high and is looking for a reversal
fib levels has lined up to a 38.20% which is normally a very aggressive turn around looking to put a stop loss in on top of the pull back are put details in below
doesn't line up with a solid support and resistance line because there isn't any at the moment but it has lined up with a few supply. and demand zoned
risk to reward is like 4/1 me personally im running with it !
go short for a new lower low and hold the trade a few days !!!
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