XAUUSD was on bullish recovery throughout last week, however currently it's break consolidation zone 2890-2925.
What possible scenario we have?
ATM ,we have 2890-2895 multi rejected resistance if the market gets rejected and remains low ,then we'll have 2870 then 2860 on mark. As I'm holding my sell trade with the SL at break even.
Secondly if 2890-92 breaks and H4 closing above then this setup will invalid.
Additionally: I m expecting the bearish momentum this week
What possible scenario we have?
ATM ,we have 2890-2895 multi rejected resistance if the market gets rejected and remains low ,then we'll have 2870 then 2860 on mark. As I'm holding my sell trade with the SL at break even.
Secondly if 2890-92 breaks and H4 closing above then this setup will invalid.
Additionally: I m expecting the bearish momentum this week
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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.