traderfizfx
Short

FORECAST DIRECTION FOR XAUEUR

OANDA:XAUEUR   Gold/EUR
Price in compression and have rejected few times in resistance 1633 (potential fakeout). Entry area at red zone since we have strong supply zone ( Drop Base Drop ) as well as Significant Support & Resistance . In addition, QML setup and Bearish Engulfing setup can be found in H4 Timeframe. Let's see the price action for this setup and keep tight the placement of stop loss.

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