Gold Sell Setup - XAUUSD
Potential Short opportunity for Gold based on following -
* Gold broke the horizontal support around 1920 and now retesting the resistance zone.
* This also coincides with the sloping trendline as well as 61.8% fib retracement at 1926 from the recent down impulse
* Resistance zone comes in at 1920-1928
* 3 bar (candlestick) monthly reversal pointing downward pressure
* Great Risk : Reward ratio
Setup is valid as long as Gold doesn't close above 1926 on a daily closing basis.
* Gold broke the horizontal support around 1920 and now retesting the resistance zone.
* This also coincides with the sloping trendline as well as 61.8% fib retracement at 1926 from the recent down impulse
* Resistance zone comes in at 1920-1928
* 3 bar (candlestick) monthly reversal pointing downward pressure
* Great Risk : Reward ratio
Setup is valid as long as Gold doesn't close above 1926 on a daily closing basis.
Nota
See the 3 bar bearish reversal on monthly. Also, see the key monthly levels at 1920 and 1790-1800.Trade ativo
Price touched 1919 and dropped with no drawdown. If the price breaks 1975 trendline support, 1850 would the next stop.Trade fechado manualmente
Closing manually @ 1914
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.