XAU/USD Plan in weekend in timefame H1
Looking at the chart we can see.
1. According to the Volume Proflie, we see a very rich area of liquidity that is 1963 - 1965.
2. Besides, it is very likely that Gold will tend to return to retest the EMA200, and possibly cheat a lot there, and then continue to go down with the trend.
3. Fibonacci retracement of yesterday's GDP announcement wave will likely push the test wave.
All of the above creates a confluence for us to have a sell order in gold:
** Entry : 1965 - 1970
** Stoploss : 1975
** Target Expectation : 1938
1. According to the Volume Proflie, we see a very rich area of liquidity that is 1963 - 1965.
2. Besides, it is very likely that Gold will tend to return to retest the EMA200, and possibly cheat a lot there, and then continue to go down with the trend.
3. Fibonacci retracement of yesterday's GDP announcement wave will likely push the test wave.
All of the above creates a confluence for us to have a sell order in gold:
** Entry : 1965 - 1970
** Stoploss : 1975
** Target Expectation : 1938
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