👋 Hey Traders! For Day 11 of our 100-day challenge, we're looking at XAUUSD/Gold downside risks.
- Major support at 1980 was broken last week
- Made a low at demand/support zone
- And now we're retesting 1980 area as resistance
We're looking to go short around this area if LTF gives clear sell signals.
We're looking to re-target 1955 recent low. SL could be above 1995 (conservative).
Purely technical analysis, fundamentals have not been considered on this trade idea.
See you guys tomorrow! 👋🥂
- Major support at 1980 was broken last week
- Made a low at demand/support zone
- And now we're retesting 1980 area as resistance
We're looking to go short around this area if LTF gives clear sell signals.
We're looking to re-target 1955 recent low. SL could be above 1995 (conservative).
Purely technical analysis, fundamentals have not been considered on this trade idea.
See you guys tomorrow! 👋🥂
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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.
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.