Nithya_Jayachandran

XAUUSD BACKTEST - 15 MINUTES

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Bearish action since NY Open.

Came near the over sold / demand area.

Now, the 30 Minutes resistance and the 15 minutes LH is at 1776.300.

If the candle closes above the range, there is a high probability of it going till the next selling point and above

OR

If the candle next to the bullish candle closes / engulfs bearish, then short and keep the LH as the SL and the lowest point as TP.
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.