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XAUUSD at Multi-week Resistance: Possible BIG SELL

2 767
Gold is knocking at a very STRONG RESISTANCE Zone. This resistance zone as held for the last 3 years. So, there is a high probability that Gold can fall from this area.
In the 4H, 1D timeframe, we can see BEARISH DIVERGENCE on the RSI as well.
Hence, traders can look for SELL between 1353-1360 area with SL above 1365.
TPs can be set at 1340, 1331 and 1310 respectively.
Nota
Price reversing nicely from the sell zone. Holding Sell Trades with 1340 as first TP
Nota
First Target Reached. Bagged 160 pips from the top
Dagangan ditutup: hentian tercapai
Nota
Price broke through the Resistance

Penafian

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