08/17/2020 XAU short
Expected XAU to retrace back to 1910 level and retest,
The short-term resistance was established based on the below reasoning.
**50 Moving average acted as resistance in 4 hr chart
** 61% of fib level reached from previous high
Short-term profit target :
Target : 61% fib level from supply zone
Trade closed: stop reached
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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.