Get started
danresdidualfx

Trade Update: XAU/USD analysis

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
danresdidualfx Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators rejection Candlestick analysis reversal psychologicalroundnumber dynamiclevels
5
0
trendanalysis chartpattern indicator rejection candlestickanalysis reversal psychologicalroundnumber dynamiclevels
Many wick rejections and 1HR candle close at the $1338.35 dynamic level, as mentioned a break below the trendline could drive prices to the 1st psychological target of $1320.00

Great risk-reward for this trade 1:4
Trade active:
Be aware of manipulative price action around the $1340.77 area

Related Ideas

danresdidualfx
Trade setup: XAU/USD analysis
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.