XAU/USD short +250 pips
- Gold has been falling slowly in a consolidation corrective channel since 7 JUL.
- Price still making HL and failed to broke 1720.00 many times.
- Last 2 4H candles already have a huge wicks (selling pressure) looks like a tweezer pattern.
* We can wait for a 4H closure below 1706.00 and then we may enter a short setup to 1860.00 taking into consideration the 1700.00 next demand zone.
- Price still making HL and failed to broke 1720.00 many times.
- Last 2 4H candles already have a huge wicks (selling pressure) looks like a tweezer pattern.
* We can wait for a 4H closure below 1706.00 and then we may enter a short setup to 1860.00 taking into consideration the 1700.00 next demand zone.
Note
1680.00**
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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.