xauusd h1 short from resistance tp 2635 usd

14 oct.

🔸Hello traders, today let's review 1hour price chart for gold. Strong
V-shape recovery in progress off the recent lows, however heavy
overhead resistance will trigger a pullback from S/R levels overhead.

🔸Strong resistances at 2665 and 2675. key S/R bulls at 2635 usd.
currently getting overextended so it's recommended to focus on
short selling rips/rallies from overhead resistance.

🔸Recommended strategy bears: short sell from overhead resistances near 2665/75 SL 2680 USD TP 2635 usd. usd fixed stop loss for this entry at 2680 usd, swing trade setup may take more time to hit target. good luck traders!

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