tradafx

XAUUSD commentary week 41 from October 11 to October 15

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
H4 time frame.
Structure: Downtrend.
At the end of last week, after the price broke out of the 1748 - 1768 Sideway and up to 1780, it immediately down back to the previous sideways range.
Here begins to appear divergence signals and double top pattern.
Waiting for the price to clearly break 1748 support and have a confirmed retest can continue to look for selling opportunities.
The profit target is the 1720 and 1680 zone.
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Wish you all have a good trading day!


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