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XAUUSD Bearish Setup H1

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Ouro/Dólar Americano (OANDA:XAUUSD)  
Forex48_TradingAcademy  
OANDA:XAUUSD   Ouro/Dólar Americano
Trend Analysis Technical Indicators Fundamental Analysis LONG short XAUUSD signals Forex setup academy forex48 priceaction
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trendanalysis indicator fundamental long short xauusd signals forex setup academy forex48 priceaction
On this pair, we have a price that is consolidating between 2000 and 2020. My analysis suggests a short entry at the level of 2015.50, where we have a supply zone with a Point of Interest (POI) confirmed by 3 spikes and a descending trendline in which the price could make the third touch before descending towards the target of a 1:2 risk-reward ratio at 2000.

Let me know what you think.

Happy trading to everyone.

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