XAUUSD 16/08 : Gold starts a new day
Gold strategy today
XAUUSD
Gold prices remain defensive at key technical levels, under pressure around recent multi-day lows.
Gold continuously traded around the important resistance zone of 1900USD but could not break through
The dominant trend of the whole time frame is still the downward trend of correction, so Sell strategies will still be preferred
However, we should only scalping short, because it is likely that Gold will have an increase because it has accumulated for a long time below this 1900USD area.
Trading Signals Sell
XAUUSD
around 1919 - 1921
SL : 1928
TP 1 : 1915
TP 2 : 1912
TP 3 : 1910
Note : TP, SL full to be safe and win the market !
XAUUSD
Gold prices remain defensive at key technical levels, under pressure around recent multi-day lows.
Gold continuously traded around the important resistance zone of 1900USD but could not break through
The dominant trend of the whole time frame is still the downward trend of correction, so Sell strategies will still be preferred
However, we should only scalping short, because it is likely that Gold will have an increase because it has accumulated for a long time below this 1900USD area.
Trading Signals Sell
XAUUSD
around 1919 - 1921 SL : 1928
TP 1 : 1915
TP 2 : 1912
TP 3 : 1910
Note : TP, SL full to be safe and win the market !
SL : 1880
TP 1: 1896
TP 2: 1899
TP 3: 1994