XAUUSD: Sell
Updated
https://www.tradingview.com/x/rs43dzk4/
In the past three weeks, gold has been oscillating in the 1970-1930 area. Within this range, 1940, 1955, and 1969 have been tested repeatedly.
Yesterday’s closing price was around 1958, which is considered to have broken through the resistance of 1955. However, in the 1h chart, the form of MACD is at a high level, with a downward trend, and the K-line arrangement has a head-and-shoulders trend.
So in yesterday's trading, after the end of the short trading in 1961 and 1960, my strategy is still to short at high positions. Because if it forms a head and shoulders top pattern, then it must fall below 1950.
Trading Signals:
sell: 1958-1963
tp:1953-1938
In the past three weeks, gold has been oscillating in the 1970-1930 area. Within this range, 1940, 1955, and 1969 have been tested repeatedly.
Yesterday’s closing price was around 1958, which is considered to have broken through the resistance of 1955. However, in the 1h chart, the form of MACD is at a high level, with a downward trend, and the K-line arrangement has a head-and-shoulders trend.
So in yesterday's trading, after the end of the short trading in 1961 and 1960, my strategy is still to short at high positions. Because if it forms a head and shoulders top pattern, then it must fall below 1950.
Trading Signals:
sell: 1958-1963
tp:1953-1938
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it's trying to build the bottom
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