Gold Short H4
I have based this analysis on the last time XAUUSD saw prices below the 1750.00 mark which was about a year ago in August 2021.
A safe sell entry would be after a full, candle body close below 1726.00 with targets 1723.00 | 1718.00 | 1706.00 | 1695.00| 1687.00. If we see the price break below 1718.00, there is a strong likelihood that we will see a fall all the way to 1687.00.
I have resistance/SL price set for 1740.00 and a support price set for 1687.00.
Be sure to like this post and leave a comment. Trade safe in this volatile market.
A safe sell entry would be after a full, candle body close below 1726.00 with targets 1723.00 | 1718.00 | 1706.00 | 1695.00| 1687.00. If we see the price break below 1718.00, there is a strong likelihood that we will see a fall all the way to 1687.00.
I have resistance/SL price set for 1740.00 and a support price set for 1687.00.
Be sure to like this post and leave a comment. Trade safe in this volatile market.
Related publications
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.