Gold (XAUUSD)Short
Gold Intraday Trading Plan 11/7/2024
Gold has fallen sharply because of election result. This is highly matched to my prediction in weekly TF. And in daily, it has broken the channel, which indicating heavy sells ahead.
Now the path is tricky. Although bearish trend is obvious, Intraday trading is difficult.
Due to large red candle, we may see correction taking place. Patience is the key.
I would expect price touch 2640 in Asian session and bounce back to 2670. Afterwards, a new leg down takes place.
Let's see what market will give us.
Now the path is tricky. Although bearish trend is obvious, Intraday trading is difficult.
Due to large red candle, we may see correction taking place. Patience is the key.
I would expect price touch 2640 in Asian session and bounce back to 2670. Afterwards, a new leg down takes place.
Let's see what market will give us.
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