XAU/USD short classic analysis +500 pips (GDP News)
Updated
- We can observe an extremely order flow after the last bulish move from 1880.0 demand zone.
- Price reaching a very strong supply zone at 1950.0 also price broke the last high forming a new HH.
- In a large percent we may have a bearish move to 1926.0 around 200 pips.
- by a small percentage we may also have a big bearish move to 1888.0 breaking trendline + Last low.
* Today's GDP news will have a big impact on the market. Avoid trading or trade with caution.
- Price reaching a very strong supply zone at 1950.0 also price broke the last high forming a new HH.
- In a large percent we may have a bearish move to 1926.0 around 200 pips.
- by a small percentage we may also have a big bearish move to 1888.0 breaking trendline + Last low.
* Today's GDP news will have a big impact on the market. Avoid trading or trade with caution.
Note
- Price dropped 250 pips and start consolidate at 1925.0.- We may have a bearish move if price broke 1920.0 again.
Trade closed: target reached
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