Possible Short on H4 XAUUSD
Daily
Price rejection on 1523.55 can be seen. Price has had a strong rally and signs of weakening can be be seen. Possible retracement happening.
H4
Price has broken the ascending triangle.MACD histogram is showing a decrease in strength.
H1
Price has retest 50% retracement of Fibo Level
M15
Possible head and shoulders formation happening. Look for sell. Will look for 1504.68 before further heading down to 1492.45
Price rejection on 1523.55 can be seen. Price has had a strong rally and signs of weakening can be be seen. Possible retracement happening.
H4
Price has broken the ascending triangle.MACD histogram is showing a decrease in strength.
H1
Price has retest 50% retracement of Fibo Level
M15
Possible head and shoulders formation happening. Look for sell. Will look for 1504.68 before further heading down to 1492.45
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