Gold Spot / U.S. Dollar
Short
Updated

XAUUSD ANALYSIS 15 - 19 FEB

69
ANALYSIS
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DAILY TF: BEARISH CANDLES
4HR TF: BREAK OF RECENT LOWER LOW
1HR: BREAK OF A RECENT LOWER HIGH

PLAN OF ACTION
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- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING SELLS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND BUY TRADES

ENTRY REASON
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- BREAK OF CORRECTION PHASE

STOP LOSS @ TO BE DETERMINED AFTER CORRECTION

TAKE PROFIT @ NEXT ZONE
Trade closed: target reached

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