CollegeofPips

XAUUSD A Potential Movement to the Downside 🔨🔨🔨

Short
OANDA:XAUUSD   Or / Dollar Américain
💡 Trade Idea

📉 Sell Order @ 1836.90

🎯 Target Profit 1807.62

🛑 Stop Loss 1851.15

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:

The price is ranging inside a wedge pattern where the gold has posted a higher correction toward the top end of the wedge formation. We have a confluence zone between the 61.8% Fibonacci retracement level and the resistance trendline which might cause a reversal and then a move to the downside to the 1807.62 mark.
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