hello all, quick idea for trade. we have xauusd market bouncing off the psychological support at 2000 by forming a long-tailed bar. Probably, the market will range around 2000 and then go up if the fundamental factors don't change. Price action closed above the range zone, which creates a strong support level. Price restested the range and rejected it. I expect shorttrade from the support level if price makes fake break or double bottom. My target is around resistance at the low
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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.