XAUUSD - Sell - Conservative Strategy
1. Trend is Bearish on H1 and H4
2. Entering Resistance zone
3. Fibo retraced to 0.618 and going to 0.5
4. RSI is oversold and might formed a divergence
5. Good risk to reward 1:2 ratio
2. Entering Resistance zone
3. Fibo retraced to 0.618 and going to 0.5
4. RSI is oversold and might formed a divergence
5. Good risk to reward 1:2 ratio
Trade closed: target reached
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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.