XAUUSD Bias: Short; Timeframe: Daily
Hello there, we may see a sell continuation today in the gold market as the price is currently lingering between 61.8 and 50 percent of Fibonacci levels in the downtrend market. Also, a nice bearish engulfing candle that completely swallowed the previous bar has been printed on the chart, showing us that the bears are in control.
Market condition: Bearish
Order Type: Market
Stop loss: Place it above the bearish engulfing candle=1940.745 or 1935:313, depending on your lot size.
Profit Target:
First: 1907.931
Second: 1894.313
Third: 1829.365--Don't be greedy.
Happy trading
Market condition: Bearish
Order Type: Market
Stop loss: Place it above the bearish engulfing candle=1940.745 or 1935:313, depending on your lot size.
Profit Target:
First: 1907.931
Second: 1894.313
Third: 1829.365--Don't be greedy.
Happy trading
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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.
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.