XAUUSD sell (short-term)

May 16

The idea revolves around D, 4h and 1h timeframe.

• The price cannot breaks the previous daily resistance (the red dashed line)
  
• The price already breaks the previous 4h resistance (which act as a support cause the resistance previously exist below the price)
  
• There is another 4h support in 2377.65 which is the likely price want to go
  

That's all, wish all of you a good trade.

May 16

Trade closed: target reached