XAUUSD Sell - Approaching Extreme Resistance
Gold approaching an extreme weekly resistance and massive supply. After successful rejection and retest taking a sell with a pending order here for a retest on lows. US Dollar fundamentals showed a positive outcome, however gold kept rising. USD is currently oversold in all pairs.
Fundamentals are positive for USD.
Sell limit @ 2048.00
SL @2058.00 (100 pips)
TP1 @2030.00 (180 pips)
TP2 @2018.00 (300 pips)
TP3 @1997.00 (510 pips)
TP4 @1982.00 (660 pips)
Risk Reward Ratio : 6.6.
Good luck.
Fundamentals are positive for USD.
Sell limit @ 2048.00
SL @2058.00 (100 pips)
TP1 @2030.00 (180 pips)
TP2 @2018.00 (300 pips)
TP3 @1997.00 (510 pips)
TP4 @1982.00 (660 pips)
Risk Reward Ratio : 6.6.
Good luck.
Komen:
Tragic that I did not get the entry on this, TP2 has hi with 300 pips lol