Possible short opportunity on XAUUSD
Possible short opportunity on XAUUSD because...
1. double top very likely at 1830, which has been respected many times before.
2. using a FIB retracement, the 61.8 retracement is at 1830.
3. using RSI, it is oversold.
SL: 1855, above 78.6 retracement
TP: 1800, and then 1780 if 1800 is broken.
1. double top very likely at 1830, which has been respected many times before.
2. using a FIB retracement, the 61.8 retracement is at 1830.
3. using RSI, it is oversold.
SL: 1855, above 78.6 retracement
TP: 1800, and then 1780 if 1800 is broken.
Note
*overbought
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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.