XAU/USD (Gold vs. US Dollar)
Timeframe: 1-Day (D1)
The market has created a Change of Character (CHoCH) in a bearish direction, indicating selling pressure. Currently, the price is retracing toward a significant Order Block (OB) near $2,720. If the price reacts at this level, there is a high probability of a bearish continuation, offering potential selling opportunities.
Timeframe: 1-Day (D1)
The market has created a Change of Character (CHoCH) in a bearish direction, indicating selling pressure. Currently, the price is retracing toward a significant Order Block (OB) near $2,720. If the price reacts at this level, there is a high probability of a bearish continuation, offering potential selling opportunities.
Trade active
Running in Profit Trade closed: target reached
its done
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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.