Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven OANDA:XAUUSD
The daily chart of the OANDA:XAUUSD pair shows that the downtrend is still in place. The 4-hour chart shows that the upside is still limited for OANDA:XAUUSD . Meanwhile, technical indicators have lost their upward strength and are moving sideways below the moving averages, reflecting the absence of buying power.
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SELL XAUUSD zone 1902 - 1904 (scalping)
Stoploss : 1915
Take Profit 1 : 1897 Take Profit 2 : 1892 Take Profit 3 : 1885