XAUUSD - Short
There was a bearish impulse this week, falling straight through previous S/R levels. Price has corrected back to the upside with a series of higher highs and higher lows.
Price broke below the ascending support trendline, looking to target the previous S/R level seen in mid July.
Price broke below the ascending support trendline, looking to target the previous S/R level seen in mid July.
Note
Price has moved up, making a new higher low. I closed this position manually as a new higher high could easily be formed and reach for the 1980 level.
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