XAUUSD Bearish Setup H1
On this pair, we have a price that is consolidating between 2000 and 2020. My analysis suggests a short entry at the level of 2015.50, where we have a supply zone with a Point of Interest (POI) confirmed by 3 spikes and a descending trendline in which the price could make the third touch before descending towards the target of a 1:2 risk-reward ratio at 2000.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
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