FahimLatif

Possible reversal on XAUUSD

Short
FX:XAUUSD   Or / Dollar Américain
After the massive spike on the pair, Gold has found resistance at the 1345 price region. Market pushed up again but breakout of this region wasn't successful, giving us a nice divergency on the RSI indicating a possible bearish market coming in. However, I won't personally go short on this pair until it drops below 1337$. Breakout of this price also means breakout of the 1h trendline and S/R level formed recently. Decent r:r, targeting the 38.2 Fib level (1321)
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.