XAUUSD - Bearish - I look to Sell at 1957-60
◾ Price action remained pressured last week resulting in further losses, recording a 3.50% fall from the recent highs
◾ Further downside is expected
◾ We look for a temporary move higher
◾ Resistance is located at 1960 and should cap gains to this area
◾ We look to sell rallies
Stop: 1982.0
Target 1: 1902
Target 2: 1875
Target 3: 1850
Chart
◾ Price action remained pressured last week resulting in further losses, recording a 3.50% fall from the recent highs
◾ Further downside is expected
◾ We look for a temporary move higher
◾ Resistance is located at 1960 and should cap gains to this area
◾ We look to sell rallies
Stop: 1982.0
Target 1: 1902
Target 2: 1875
Target 3: 1850
Chart