green05

Trading Weekly XAUUSD chart

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Short

The parabolic SAR 0.2 has already shown signs of it going bear.

Now, I will wait for the formation until Wednesday. Note there is a FOMC meeting.

Short it around 1720-30 and wait until 1680.

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.