XAUUSD H1 short idea
Updated
https://www.tradingview.com/x/cAx2UxEe/
We've seen a trendline in gold prices that started in late December 2023 break, leading to a new low point. This low point was tested twice, showing it's an important level. Now, it looks like we might see another breakout. If this happens, gold prices could fall to around 2030, which matches the 50% level on the Fibonacci scale. This is based on the patterns we've been seeing in the gold market recently.
We've seen a trendline in gold prices that started in late December 2023 break, leading to a new low point. This low point was tested twice, showing it's an important level. Now, it looks like we might see another breakout. If this happens, gold prices could fall to around 2030, which matches the 50% level on the Fibonacci scale. This is based on the patterns we've been seeing in the gold market recently.
Note
u can close half position, price already came to 2047.50 and secure ur trade, bcz already RR 1:1Trade closed manually
target almost reached, it was 2030 but left only 10points, that's why closed manually in profit at 2031)
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