XAUUSD; try to short @1227
According to the H4 chart, the price is in the process of forming Triangle, and now the price is right at the resistance of the trendline.
It is more likely to go down test 1216 again.
If 1216 didn't hold, then the price would be heading to 1211.
If 1230 be broken out, then the price would go up test 1235.
It is more likely to go down test 1216 again.
If 1216 didn't hold, then the price would be heading to 1211.
If 1230 be broken out, then the price would go up test 1235.
Trade active
Entry: 1229SL: 1238
First Target: 1216
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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.