Gold (XAUUSD)Short
XAUUSD-bias short
Bearish indications:
day time indicates strong bearish engulfer candle
MA getting respected.
4 hr candle formed with the evening star candle.
Resistance respected at 2658
Bearish divergence in 1 hr time frame.
MA respected.
Double top formation in 2 hr time frame.
As per AB=CD shows 2543 target bearish.
Bearish engulfer candle from resistance in 2 hr time frame.
Trend line support has broken.
Bullish indications:
Morning star candle formation from the support.
Trade plan bias short @ 2639
SL:2659
TP1:2620
TP2:2603
day time indicates strong bearish engulfer candle
MA getting respected.
4 hr candle formed with the evening star candle.
Resistance respected at 2658
Bearish divergence in 1 hr time frame.
MA respected.
Double top formation in 2 hr time frame.
As per AB=CD shows 2543 target bearish.
Bearish engulfer candle from resistance in 2 hr time frame.
Trend line support has broken.
Bullish indications:
Morning star candle formation from the support.
Trade plan bias short @ 2639
SL:2659
TP1:2620
TP2:2603
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.