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Allen_Ex
Apr 17, 2024 8:12 PM

XAUUSD:Short, target 2358-2333 Short

Gold / U.S. DollarFOREX.com

Description



The 3h chart indicator has formed an obvious bear trend. In small-level trading, there is some rebound demand on the 30m chart, so the next focus is to focus on the resistance 2378-2383 during the rebound process.

If it cannot break through, the short forces will be concentrated again, and it will inevitably fall back to around 2333, so if you can seize this opportunity, it will bring you huge profits.

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Hit the first target

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Observe the resistance near 2372. If it cannot break through, continue to short.

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The bulls have not completely relieved their efforts yet, and there should be room for growth. Pay attention to the resistance in the 2378-2384 range and go short.
Comments
ibrar550
agree, currently there is no impetuous for upside and US feds have been very hawkish and middle east has calmed down
Forexkinfx
Good stuff we should be clearing out soon 2312 in my opinion but the downfall will conclude
Masopye
Your trapped at the wrong side of the trend
ibrar550
@Masopye lol that trap has got him to his first target
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