XAUUSD 4H
Updated
Gold has now completed a W sort of pattern and I am now waiting for a confirmation.
If the market closes above 1966 I expect Gold to rise to 1970, 1979, and maybe 2000. After that, the market would fall.
If the market closes below 1966 and continues to fall I expect it to move to 1909,1900 and 1888. After that, the market would rise.
Scenario 1 TP: 1970,1979,1988 | SL: 1950
Scenario 2 TP: 1920,1909,1888 | SL: 1970
*no financial advice*
If the market closes above 1966 I expect Gold to rise to 1970, 1979, and maybe 2000. After that, the market would fall.
If the market closes below 1966 and continues to fall I expect it to move to 1909,1900 and 1888. After that, the market would rise.
Scenario 1 TP: 1970,1979,1988 | SL: 1950
Scenario 2 TP: 1920,1909,1888 | SL: 1970
*no financial advice*
Trade active
I opened short trades 1954,1942 and 1927TP: 1920,1909 and 1888
Gold has good downward momentum right now.
I'm going for Long positions around 1915-1890 level
Trade closed manually
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