XAU USD
taking sell trade for (xau/usd) from (entry) 2520.975$ to (target) 2504.200$ knowing that my stop loss is 2527.120$
SMC : CHOCH AND IMB
SK + price action : Negative reaction to gold and the beginning of the formation of negative scions on the SK analysis system from the price action areas according to the school of price behavior.
Where we notice the price rebounding from the Fibo 0.5 areas.
When closing with a candle below $2515.08, we will go to the target of $2504.2, and we may witness some upward corrections with the aim of giving second opportunities to enter sell.
SMC : CHOCH AND IMB
SK + price action : Negative reaction to gold and the beginning of the formation of negative scions on the SK analysis system from the price action areas according to the school of price behavior.
Where we notice the price rebounding from the Fibo 0.5 areas.
When closing with a candle below $2515.08, we will go to the target of $2504.2, and we may witness some upward corrections with the aim of giving second opportunities to enter sell.
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