XAU----USD----Short Till 2397
Updated
There is before Bullish Trend and Trend is Making Higher High and Higher low Now Trend is in the stage of Retracement If this Retracement Cross the Fib Level 0.5 more Chances Trend continue to Bearish . If Trend takes Rejection from This Level 2397 More chances it Break its Bullish Flag and Trend again start to Bullish Trend
1.If this Level is not Break 2397
20Ema is Below 2397 level then TP1 2421 and TP2 2446
2.If Break this Level and 20Ema Cross this Level
then You have TP1 of 2373 and TP2 2349
Set stoploss According to your Risk to Reward Ratio
For 15Min Time Anaylsis there is RSI Divergence Short till 2397 For short term
1.If this Level is not Break 2397
20Ema is Below 2397 level then TP1 2421 and TP2 2446
2.If Break this Level and 20Ema Cross this Level
then You have TP1 of 2373 and TP2 2349
Set stoploss According to your Risk to Reward Ratio
For 15Min Time Anaylsis there is RSI Divergence Short till 2397 For short term
Trade active
Note
On the Other hand Dollar Index In 1 hour before Making lower low and lower High after there is Divergence In RSI Trend making Higher High and higher low There is completion of ABCD pattern .Now Trend take Retracement from FIb 0.6 LevelMore chances of Weaken of Gold as compared to US dollar
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