Gold 4H - Short Position
We are looking at a clean set up on XAUUSD.
Price Action: Bearish engulfing indicating sellers are jumping into the market.
Key Area: Prices at 61.8 % fibonacci retracement.
Looking at the break to the downside of an ascending flag.
Entry price: looking at the retest of quarter point 1572.50.
Pending orders work best.
Price Action: Bearish engulfing indicating sellers are jumping into the market.
Key Area: Prices at 61.8 % fibonacci retracement.
Looking at the break to the downside of an ascending flag.
Entry price: looking at the retest of quarter point 1572.50.
Pending orders work best.
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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.