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.Dagangan aktif
Price touched 1919 and dropped with no drawdown. If the price breaks 1975 trendline support, 1850 would the next stop.Dagangan ditutup secara manual
Closing manually @ 1914
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.