MR_XAU

XAU/USD Gold could move 100 pips.

FX:XAUUSD   Emas/Dolar U.S
We see price had a major rejection at 1335.00 ( at the first gold             cat) We can see price wicked down very hard at that level. Took a look at the yellow line. we see price move lower to 1328.86 ( the yellow line) and price closed lower than the pervious candle. and sellers secured profit at 1321.32. If you look to your left at the gold             house we can there was a lot of volatility and sellers took profit at that level before. Price pushes up to the second cat and still 1332.12 ( 100 pips ) price is rejected. then we see price form and inverted hammer ( inverted hammer has a small body and long wick. its like an upside down hammer ) Price forms inverted hammer at the 3rd gold             cat pushing price even lower. if price breaks the support of 1325.54 i will enter a sell and take profit at 1320.17 near of the gold             house ( because thats where sellers have been trapped twice) if breaks below the house i will take a sell for another 50 pips.

Shoot straight through the 1335.98 support and closed at 1336.57 What are your thoughts?
Balas
Thank you Dimitri !!
Balas
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