the4amlifestyle

XAUUSD 4H Idea 8 Jun 2020

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD stuck between recent supply and demand zones
gold reaction to 1695 is key: .236 fib (pink), trendline , and 14 EMA (4H) (orange)
sell on rejection: failure to capitalise on recent events and technical formations may suggest start of a downtrend, however wait for signals and execute accordingly
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.