XAUUSD Hello traders,
At the moment, I am focusing on potential sell positions during the London session. I have identified several confluences that support this idea. The main bank level of 1900 aligns precisely with the 61.8% Fibonacci retracement level, adding strength to this resistance area.
For my trade plan, I'm considering two possible take profit areas: around 1890 or 1885. These levels offer potential support and correspond with your identified fib level.
As always, remain vigilant about news events and market conditions that could impact your trades. Best of luck with your trading strategy!
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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.