XAUUSD - Reason for Sell Trade at 1670.300
Updated
So market opens today going bullish (which is also our current sentiment on higher tf)
Price hits the fresh supply and created a low at 1667.584.
We opened a SELL trade at 1670.300 (golden zone).
We expect it to retrace at 1661.733 (golden zone - which it did) before going more up possibly.
If it goes more down it will hit 1649. old golden zone.
TP achieved today.
Price hits the fresh supply and created a low at 1667.584.
We opened a SELL trade at 1670.300 (golden zone).
We expect it to retrace at 1661.733 (golden zone - which it did) before going more up possibly.
If it goes more down it will hit 1649. old golden zone.
TP achieved today.
Note
News in less than an Hour (red in tradingview. orange in forexfactory) -NEW HOME SALES
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