in my own little opinion am expecting XAUUSD price to touch 1650 before we can see any massive bullish rally upwards.
there's a supply zone at 1665 if it holds expect price to touch 1650, from the reaction we get at 1650 price point will determine what will happen next.
pls always look out for candle stick formation and trend progression on 15mins timeframe before you place your trades
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price just got to 1666.40 inside the zone marked out above,
wait for confirmation before going short
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going short on XAUUSD entry 1663.90 sl 35pips
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change sl to 50pips
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in profit
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+70 pips in profit
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+100pips in profit take partial profit and move stoploss to entry
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+120pips in profit few pips away from final target
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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.