Hello fellow traders!
XAUUSD has been on the rise and has gained some bullish momentum BUT there will soon be a fall if the buyers doesn't have the buying power surpass the SUPPLY level! If the key level is respected, then we should see gold collapse.
CHECKLIST:
✔BEARISH POTENTIAL MOMENTUM
✔RSI IIS OVERBOUGHT
✔HASH RIBBONS ARE CROSSED AND CONFIRMING ITS STILL A BEARISH TREND
✔IF SUPPLY IS RESPECTED THEN THE KEY LEVEL IS TARGETED
1975 PIP ANALYSIS
XAUUSD has been on the rise and has gained some bullish momentum BUT there will soon be a fall if the buyers doesn't have the buying power surpass the SUPPLY level! If the key level is respected, then we should see gold collapse.
CHECKLIST:
✔BEARISH POTENTIAL MOMENTUM
✔RSI IIS OVERBOUGHT
✔HASH RIBBONS ARE CROSSED AND CONFIRMING ITS STILL A BEARISH TREND
✔IF SUPPLY IS RESPECTED THEN THE KEY LEVEL IS TARGETED
1975 PIP ANALYSIS
Comment:
Trade closed: stop reached