Sell XAU
M: Uptrend respecting the lows
W: Uptrend respecting the lows
D: Downtrend. Retraced to 61.8, hit -27, three times, making a support zone.
4H: Uptrend; hit -27 and retraced back down to 4h support area
1H: Uptrend, retraced to 38.2 on 1H fib and hit -27 @ previous resistance AND retesting 1 HR trendline for the sell. + BEARISH DIVERGENCE
CURRENTLY:
I am looking to see if price will break and retest minor trendline and Trade the SELL to previous resistance area.
(~165 pips)
W: Uptrend respecting the lows
D: Downtrend. Retraced to 61.8, hit -27, three times, making a support zone.
4H: Uptrend; hit -27 and retraced back down to 4h support area
1H: Uptrend, retraced to 38.2 on 1H fib and hit -27 @ previous resistance AND retesting 1 HR trendline for the sell. + BEARISH DIVERGENCE
CURRENTLY:
I am looking to see if price will break and retest minor trendline and Trade the SELL to previous resistance area.
(~165 pips)
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