XAUUSD Short coming
Updated
Structure broken to the downside -> Expecting new low. Price is correcting right now. Waiting for price to trade into immediate resistance area, orange rectangle, 61.8 Fib to go short.
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Comment
Closer look 1H chart. Price produced new highs and retested the last high-area. Expecting the bulls to break through resistance and create another high at overall short area. Bulls are not done yet, at least thats my view.Comment
Comment
Went short out of immediate resistance at 1277.55 with tight stop. Weak bull candles and good rotation to the downside on the 1H. Would reenter if price still trades higher into my overall short areas which are explained above. Check chart:
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Edit: *15M.Comment
Immediate short out BE - Aligning with structure until overall short area is reached. Check out my idea on the immediate OF.Disclaimer
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