Gold (XAUUSD)Short
Gold market struture analysis
Updated
Gold expected to sell but where? on the one hour time frame there is a key level am targeting which is the the supply zone if price happens to reach there then we can look for confirmations and start selling.
There is also a trend line that has been drawn on the previous two highs which also passes in the supply zone in 1H time frame. that also calls for a retest on that trend line in that same key level.
But anything can happen price may not reach the setup and sell off but lets see what the market does.
There is also a trend line that has been drawn on the previous two highs which also passes in the supply zone in 1H time frame. that also calls for a retest on that trend line in that same key level.
But anything can happen price may not reach the setup and sell off but lets see what the market does.
Trade closed: target reached
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