XAUUSD ( Gold ) has been ranging for a while in green consolidation BOX as you can see on the chart.
Resistance trendline didn't allow gold to break upside and on the third touch of that trendline with
confluence staying in the box it gave us huge leg down.
GOLD also broke the trendline and support on the way down and retested 1286.5 support perfectly.
1281 was a major support for XAUUSD and after its broke and retest it could head us to next support(daily), which is 1272$, which is obviously my target
for next leg down on gold .
Don't forget to trade carefuly, Good luck guys and gals.
Resistance trendline didn't allow gold to break upside and on the third touch of that trendline with
confluence staying in the box it gave us huge leg down.
GOLD also broke the trendline and support on the way down and retested 1286.5 support perfectly.
1281 was a major support for XAUUSD and after its broke and retest it could head us to next support(daily), which is 1272$, which is obviously my target
for next leg down on gold .
Don't forget to trade carefuly, Good luck guys and gals.
Commentaire:
After Price spiked up, i will be looking for shorts at 1286 area.
Transaction en cours:
SHORT ACTIVE
Trade fermée: cible de profit atteinte:
FIRST TARGET REACHED. LETS GO for another one.
