Sellgold
XAUUSD ShortHey traders, first of all if you followed the previous analysis you will find it similar. Gold dropped by 300 pips from my trend and supply zone. in today's trading session the history might repeats it self especially with a bearish AUD and a bullish USD.
so we are monitoring XAUUSD for a selling opportunity around 1830 zone, once we will receive any bearish confirmation the trade will be exected.
Trade safe, Joe.
SELL XAUUSDGold is more likely to retrace to the 1814.83 level where we expect it to drop much further to the 1770 zone. Our stops are tight at 1824 use proper risk management. All the best and good luck.
SELL XAUUSDGold looks like t has exhausted its upward movement. Looking for a chance to profit from this drop to he 1800 zone. Use proper money management.
XAUUSD 4H - LevelsEnd of day update:
We saw a strong resistance at the 1830-35 region as we suggested in the KOG Report and managed to get a nice short into the 1815, 1810 and 1800 levels. We’re now removed a majority of the trade and set the stop to entry just in case we achieve our lower immediate target of 1785. We are now looking for a small push up with the first initial level being 1806-8 and above that 1812-14. . We want to see how the price reacts at this level and whether we face resistance. If we see resistance here we’re on for our target level of 1785 and below that 1777 which was a previous key level. We have illustrated what to look out for and the levels to trade between.
Please have look at the linked chart which shows the range and how the price has now come back into the box.
As always, trade safe.
KOG