yeniakin_fx

Looking for Sell positions on XAUSD

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Earlier today (Monday, 24th July), I believed that if XAUUSD cannot break 1965-1970. It will test 1960-1955-1950. It has successful broken the 1960 and 1955 levels. What is next is the 1950 levels.

If the 1950 support falls, it will test 1945-1940-1935.

In the meantime I believe XAUUSD can go back to test 1959-1960 levels before a final descent to 1950. When price gets to 1950, I could look for short scalp buys for that zone.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.