XAUUSD / GOLD - POTENTIAL SHORT PLAY
After a clear rejection and daily close below the previous previous weeks low I see a possible short set up that could play out this week.
My idea is we will see todays daily candle most likely liquidate yesterdays high during the upcoming london/ny session and then I'll wait and see if todays closure is below yesterdays high and the previous previous weekly low again.
If this is the case, that will give me enough conviction to start scaling into some shorts with last weeks low being the final target.
But for now, we sit on our hands and wait.
My idea is we will see todays daily candle most likely liquidate yesterdays high during the upcoming london/ny session and then I'll wait and see if todays closure is below yesterdays high and the previous previous weekly low again.
If this is the case, that will give me enough conviction to start scaling into some shorts with last weeks low being the final target.
But for now, we sit on our hands and wait.
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