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XAUUSD Weekly View: Remain bearish testing major resistanceSell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00. Reason for the trading strategy: We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement). RSI (34) has made a bullish exit and warns off a potential further rise. Stochastic (21,5,3) is seeing major resistance at 94% where we expect a reaction from.
FX:XAUUSDShort
by theforexarmy
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