XAUUSD, 4hr tf, bearish scenario
Possible scenario for XAUUSD.
Price going up inside this channel and the recent drops on Friday confirm a break below the support.
It looks like XAUUSD making a bearish flag or possible rising wedge. If it plays out as bearish flag, the drop on XAUUSD gonna be massive.
This upwards movement is a retest of broken trendline.
We could see XAUUSD continue decline further.
Sell XAUUSD 1815
Stop loss 1825
Take profit 1750 (6.5R)
Use only 1-2% risk
Good luck
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