XAUUSD Hello traders,
Yesterday, we experienced a rejection of the weekly Fibonacci 68% level and retested it three times with a clear bounce off. Based on the 1-hour and 4-hour chart views, we can observe a slight bearish trend forming. Currently, we're at 1945, a strong resistance area that also aligns with the 78% Fibonacci level. For these reasons, I believe a bearish trade would be the most suitable. However, please exercise caution as we have important news scheduled for 2:30 pm, which could have a rapid impact on the chart.
Trade active
I'll close my trade BEFORE NEWS or put it at BREAKEVEN.Note
1h candle looks like doji good for usNote
40 pips with news peferct hope everyone got out with his sell trade.Note
Let's look for a sell opportunity at 1952 if the next news are on our side
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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.