Gold potential break to downside
XAUUSD ABCD pattern. Price find it C-Retracementat FIB 61.8%. As we can see the price are going consolidation/sideway, However the price broke my CTL and now the price are finding a nice level to retrace to go back down to my D-extension level.
Expecting the price will find it resistance arouond 1255.0 - 1259.0.
Let see how it goes and happy trading guys.
Expecting the price will find it resistance arouond 1255.0 - 1259.0.
Let see how it goes and happy trading guys.
Trade active
Price find it barrier on FIB 61.8%. Nice Risk & Reward. Go for short for XAUUSD
Trade closed: stop reached
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Disclaimer
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.