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PULEMokhothu
Aug 22, 2020 7:51 PM

XAUUSD 1940.49 - 0.33% SHORT IDEA * COMPLETION TREND Short

GoldOANDA

Description

Good Day Everyone

a look at GOLD which hasnt seen much change on higher time frames The move keeps price in consolidation just below the record highs and the risk remains for a deeper setback near-term while below resistance. These are the updated targets and invalidation levels that matter on the gold weekly chart.
Coming down to the 4H chart we see the chart rallying down with the bears currently consolidating in a bearish flag which could possibly signal continuation to the downside to confirm the 1234 move confirming that GOLD is in a down trend.
looking for continuation of this move.

lets see how it goes.

HAPPY TRADING EVERYONE

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ENTRY & SL - FOLLOW YOUR RULES

TP 1 - 1911.43
TP 2 - 1861.30

SL - 1963.88
RISK-MANAGEMENT
PERIOD - SWING TRADE

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If this idea helps with your trading plan kindly leave a like definitely appreciate it.

Trade active

Comment

🔵 Bears in Control - Trend continuation in play
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