XAU/USD SHORT.
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- our scenario: sells below 1812.00
- alternative scenario: buys above 1830.
-targets:
for sells: 1800, 1790.
for buys: 1850
- comments: RSI on weekly is choppy, no clear moves. On daily, we have a possible bearish crossover on RSI. in addition, on daily t.f price reached 61.8% failing to break it up + an evening star pattern on daily. zooming into 4hrs we have a DOUBLE TOP formation with a neckline at 1815.50 so we need 1812 to break (Thursday low) to continue lower.
disclaimer: our analyses are based on our experience and knowledge in the market, so please make sure to do your own before executing because
we are not responsible for the decision or choices of traders.
- our scenario: sells below 1812.00
- alternative scenario: buys above 1830.
-targets:
for sells: 1800, 1790.
for buys: 1850
- comments: RSI on weekly is choppy, no clear moves. On daily, we have a possible bearish crossover on RSI. in addition, on daily t.f price reached 61.8% failing to break it up + an evening star pattern on daily. zooming into 4hrs we have a DOUBLE TOP formation with a neckline at 1815.50 so we need 1812 to break (Thursday low) to continue lower.
disclaimer: our analyses are based on our experience and knowledge in the market, so please make sure to do your own before executing because
we are not responsible for the decision or choices of traders.
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