XAUUSD Short based on Linear Regression, EMA and RSI
I have just shorted XAUUSD at 1195.1.
TP at 1186.5 which is coincident with a 1.618 fib extension and in line with longer term trend.
RSI is sloping in bearish manner and below the EMA applied to the RSI.
Price action is above the 50 EMA however seems to have bounced off the 200 EMA to continue longer-term downward trend.
SL set at 1196.4 in case I'm wrong
TP at 1186.5 which is coincident with a 1.618 fib extension and in line with longer term trend.
RSI is sloping in bearish manner and below the EMA applied to the RSI.
Price action is above the 50 EMA however seems to have bounced off the 200 EMA to continue longer-term downward trend.
SL set at 1196.4 in case I'm wrong
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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.