XAUUSD: A Short Setup
Updated
The pictures explain everything.
In our trading time frame, we consider gold to be negative.
Gold is experiencing a short-term upward correction. We begin selling gold around the 1975.000 zone. Gradually, we close a part of the deal regarding the traditional supports and the Camarilla ones.
The order block and bottom of the ascending channel may be useful areas for other take profit points.
weekly resistance:
Daily Channels:
Daily OBs:
In our trading time frame, we consider gold to be negative.
Gold is experiencing a short-term upward correction. We begin selling gold around the 1975.000 zone. Gradually, we close a part of the deal regarding the traditional supports and the Camarilla ones.
The order block and bottom of the ascending channel may be useful areas for other take profit points.
weekly resistance:
Daily Channels:
Daily OBs:
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