Simple H4 Break And Retest
On the H4 we can clearly see that XAU/USD has fallen to a new lower low. We are currently retesting the resistance from our previous low and zooming in to the H1 chart we can see that there are currently 5 rejection wicks indicating a likely continuation to the downside.
ENTRY - 1512
SL - 1530
TP - 1450
RR - 2.3:1
ENTRY - 1512
SL - 1530
TP - 1450
RR - 2.3:1
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.