SELL: XAUUSD - Closure below the support/downward trend
Updated
We have entered a Sell on GOLD/XAUUSD.
Following our earlier analysis, we waited for a closure below the range, and entered a SELL
All timeframes are also Bearish. They are in a downtrend and keep breaking lows and supports, making the resistance lower each time
We will wait for at least 20+ pips before we will close part of our position, then SL to BE and will let the rest run.
Good Luck!
Following our earlier analysis, we waited for a closure below the range, and entered a SELL
All timeframes are also Bearish. They are in a downtrend and keep breaking lows and supports, making the resistance lower each time
We will wait for at least 20+ pips before we will close part of our position, then SL to BE and will let the rest run.
Good Luck!
Comment
I also really liked that there was no candles to the left, after we would break the support. There is a clear run down of almost 80pips until we get to the next support
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