This is my analysis of XAUUSD
In my point of view gold entering a downtred since price failed to break Major Resistance @1830.00 and Minor resistance @1802.00 also the price now running below moving averages. However , i believe a lot of retailers have sold in resistance area @1802.00 , and gold might rebounce to those area first ( hunting of retailers stop losses ) i think its a great idea to wait price move to @1810.00 and short from there.
Sell Limit @ 1810.00
Stop Loss @ 1820.00
Take Profit 1 @ 1760.00
Take Profit 2 @ 1720.00
Please leave a comment on what u think !
In my point of view gold entering a downtred since price failed to break Major Resistance @1830.00 and Minor resistance @1802.00 also the price now running below moving averages. However , i believe a lot of retailers have sold in resistance area @1802.00 , and gold might rebounce to those area first ( hunting of retailers stop losses ) i think its a great idea to wait price move to @1810.00 and short from there.
Sell Limit @ 1810.00
Stop Loss @ 1820.00
Take Profit 1 @ 1760.00
Take Profit 2 @ 1720.00
Please leave a comment on what u think !
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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.