XAUUSD at Multi-week Resistance: Possible BIG SELL
Gold is knocking at a very STRONG RESISTANCE Zone. This resistance zone as held for the last 3 years. So, there is a high probability that Gold can fall from this area.
In the 4H, 1D timeframe, we can see BEARISH DIVERGENCE on the RSI as well.
Hence, traders can look for SELL between 1353-1360 area with SL above 1365.
TPs can be set at 1340, 1331 and 1310 respectively.
In the 4H, 1D timeframe, we can see BEARISH DIVERGENCE on the RSI as well.
Hence, traders can look for SELL between 1353-1360 area with SL above 1365.
TPs can be set at 1340, 1331 and 1310 respectively.
Comment:
Price reversing nicely from the sell zone. Holding Sell Trades with 1340 as first TP
Comment:
First Target Reached. Bagged 160 pips from the top
Trade closed: stop reached
Comment:
Price broke through the Resistance
