ProjectSyndicate

xauusd 2hours best level to short/hold TP 1910 USD

Short
OANDA:XAUUSD   Or / Dollar Américain
🔸Hello guys, today let's review 2 hour price chart for gold. Trading in well-defined range
since late May, previously fake breakdown and throwback inside trading range in progress.

🔸Short-term expecting more gains in this market to complete the distribution pattern.
Bears will likely target re-test of range highs / key s/r near 1980 usd, however also
expecting a bull trap setup and fake breakout of key s/r and re-test near 1986/88 usd.

🔸Recommended strategy bears: short sell from overhead resistances once we complete
the distribution sequence and also setup a bull trap near 1986/1988 usd. right now bears
should wait to short the market cause we are still trading near range lows.

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