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Profound_Ambition

XAUUSD 4H

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
Profound_Ambition Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand XAUUSD Gold DJ FXCM Index Supply Zone Parallel Channel break Bearish Engulfing
10
5
trendanalysis supportandresistance supplyanddemand xauusd gold usdollar supplyzone parallelchannel break bearishengulfing
Bearish engulfing rejection to weekly resistance.. Awaiting breakout of channel & support for shorts down to potentially monthly key level 1300
Comment:
a break of 1345, the next area of minor support is 1332.
Comment:
snapshot
taking a closer look price looks to be trying to breakout of its channel, I would like to see a break of 1343.50 & retest of the zone turning into resistance to enter this pair.. Patiently waiting while price action does its thing
Comment:
Comment:
potential entry on the next candle retest to the 61.8
snapshot
Trade active
Comment:
snapshot
price retesting broken support to resistance
Comment:
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lets go.. Simple break & retest of zone now headed to 1325
Comment:
snapshot
potential higher time frame trendline retest
Comment:
snapshot
Got close to getting stopped out, however price reversed back to the downside. 1325 still my first target
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