Freedom_CN

Short after rebound

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
There is no big market this week, mainly shock. During the week, it is possible to test the red horizontal line, the intraday pivot point S1, and the intraday pivot point is narrow. Today, it is expected that the lowest can only fall to the intraday pivot point S1, that is, the red dotted line. The daily chart and 4H are empty, but the 1H correction is not completed, so it rebounds. The rebound is expected to end at the intraday pivot point P, that is, the purple dotted line. In conclusion, short after rebound.
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.