Time Frame: 4H Symbol: XAUUSD Entry: 1873.413 TP: 1767.525 SL: 1952.829 Bias: Short
XAUUSD is facing a strong significant resistance at $1970, There are obvious reasons that We are bearish because the instrument will require strong momentum and volatility to cross this level upward but it does not have the necessary impetus now to do that change because of the gloomy market conditions in all verticals. SO we stay bearish.