XAUUSD Long (Swing Trade)

18 de dez. de 2020

We've seen that GOLD has been traded historically higher than previous data suggests. On the H8 timeframe, we can see a retracement happening, being rejected by the strong support at 1894 area. Bears are protecting that area. This was a retest from previous attempt to break it from Nov. As per the Fib suggests, we can see a nice retracement lvl of 50%, historically being rejected where the buyers are protecting that area, suggesting trader's SLs and liquidity pool. We are aiming to enter at that value with SL being lower than that of the support zone for cushion.

Let me know what you think might happen to XAUUSD...