XAUUSD Daily breakdown
Gold closed below the 1922.62 support level - in the past when price has closed below here we see price tap 1903
With this in mind, the most optimal trade entry would be taking a sell at 1927 - why? because if you look at price action in the past, there is always a tap on that price level as price moves down and we haven't seen that yet.
Keep in mind we have CPI news today for the USD so we will have volatility no matter what, we may wait until after news to take trades to be safe.
With this in mind, the most optimal trade entry would be taking a sell at 1927 - why? because if you look at price action in the past, there is always a tap on that price level as price moves down and we haven't seen that yet.
Keep in mind we have CPI news today for the USD so we will have volatility no matter what, we may wait until after news to take trades to be safe.
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