XAUUSD Short update
Updated
xauusd daily closed under the 50 ema
So this is what im looking at for a short position entry
So once gold opens there should be a pop to the .236 lvl of 1677.304 but what i want is a pop above 1677.304 because it can be used as a resistance but if it does get above then i would get in a short at 1680.380 - 1681.917 for a perfect for a short with a tight short entry
Aggressive short entry:
support or levels to break - .236 - 1677.403
Has to break 1665.643 (10%) or it can be used as a bounce zone/resistance if it goes down
Safe short entry: 1680.380 - 1681.917
Levels to break-
-1677.302
-1665.643
TP 1 - 1665.643
TP 2- 1636.426 if 1665.643 gets broken and used as a resistance should come down here around wednesday and we will get a bounce at this zone because of cpi and job reports
Any questions feel free to ask will be here to answer
So this is what im looking at for a short position entry
So once gold opens there should be a pop to the .236 lvl of 1677.304 but what i want is a pop above 1677.304 because it can be used as a resistance but if it does get above then i would get in a short at 1680.380 - 1681.917 for a perfect for a short with a tight short entry
Aggressive short entry:
support or levels to break - .236 - 1677.403
Has to break 1665.643 (10%) or it can be used as a bounce zone/resistance if it goes down
Safe short entry: 1680.380 - 1681.917
Levels to break-
-1677.302
-1665.643
TP 1 - 1665.643
TP 2- 1636.426 if 1665.643 gets broken and used as a resistance should come down here around wednesday and we will get a bounce at this zone because of cpi and job reports
Any questions feel free to ask will be here to answer
Comment
bullish if gold closes above 1683Comment
will let you guys know when i got in and whyComment
so at the moment if you look at the 4 hour there is a fake break down so watch for the retest i dont think the .236 can hold it down and we also need to break and close below the 20 ema on the hourlyComment
i think we might get a bounce at 1670 if it break under then ima get into a sellComment
still not anything yet its pretty slow atmComment
get a bounce at 1670 itll retrace to 1677.403Comment
in a short hereComment
ima try to short it back to 1680 at the 10%Comment
flush it back to 1680Comment
LComment
1703 buy zone she'll propbably run to 1740Comment
new chart is up for a bull swing and bear swing
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.