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linknero
Sep 9, 2021 3:28 PM

XAUSD not breaking the support 

Gold/U.S. DollarFXCM

Description

Well... it didn't break the support of fibonacci, considering the loss of momentum we could even assume a pullback, even though the indicators said "bearish", except MACD, maybe we should wait for confirmation, but it might get back to 1821 again. I'll be waiting for confirmation and in that case I'd go long, if it breaks through the resistance in the next days obviously short. Stay aware

Comment

It tried to rise, but it shows rejection from the resistance of EMA(20 & 50), let's wait till confirmation, without a momentum candle we should not make a position, those crosses are a risk to any direction. Stay aware
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