Xau/Usd (Why I am feeling bearish)
Price moved up on the daily chart and stopped at the 50 percent fib retracement of that move down. I now expect a new low. Im going off of the weekly and monthly charts! So you have a Low , A Lower High was made and stopped at the 50 percent retracement. So now I am expecting a lower low!
The Charts are choppy! Im not saying if you open a sell now u will immediately go into profit and win. You would need a stop loss above that 50 percent retracement area because price could retest that area before falling.
Im not even sure we have a good entry here right now!
Im only saying that I am feeling bearish and may look for a chance to sell later!
The Charts are choppy! Im not saying if you open a sell now u will immediately go into profit and win. You would need a stop loss above that 50 percent retracement area because price could retest that area before falling.
Im not even sure we have a good entry here right now!
Im only saying that I am feeling bearish and may look for a chance to sell later!
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