XAUUSD Short
Updated
Holding XAUUSD Short however being mindful of the psycological support level around 1470.00.
Bearinsh movement with multiple touches on the trend line, rejection of the 71.00 % fib.
Bearinsh movement with multiple touches on the trend line, rejection of the 71.00 % fib.
Comment
If this 4HR candle closes below 1470, I will remain bearish and aim for 0.00 fib for first TP.Trade closed: stop reached
Trade stopped out at 1481 for a small profit. I'll now be keeping an eye on the next 2 4HR candles as a H&S pattern has formed.
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.