XAUUSD Short
XAU seems to be stuck at the 1316.00 psychological level, having no more bullish power. Also that level corresponds with the 38% fibo level, having almost reached the 50% with that previous wick. We have to keep in mind tthat IT STILL DID NOT CREATE A LOWER LOW, so if you want to consider a position here, I would suggest to let the chart do the trick before you enter short.
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.