XAUUSD looking for selling opportunities

12 juin 2020

Gold has been on a bullish rally for a bit now and throughout all of those rallies the price respected the trendline resistant and the bulls could not seem to push it to its historical high indicating a strong bear hand? Price could choose to continue trending within the range we see on the chart or it could retest the resistance and then make its way to the downside.
So I am looking for short positions all the way to the support level while monitoring what price does.
If the bulls still push the price up I will not enter any trade until then.

20 juin 2020

Transaction en cours

While waiting for this bias I have been taking short term buys in between. Looking to see if the bulls push price up like last week if they do I have setup a buy stop and if not my initial short setup will be triggered.

24 juin 2020

Note

Two buy trades triggered first TP is 1782 and the second one is 1799.

1 juil. 2020

Trade fermée: cible de profit atteinte

My overall bias on Gold was wrong. I went long and made profit both times. It looks like the bulls are gunning for that 1800 price mark or higher.