As I described earlier we are going short, however this time we can find our dear PRICE ACTION confirmation on the daily chart AS WELL as the 4h chart which means CONFLUENCE. We have a daily doji at the resistance level, and are probably about to get a low doji close in 3 hours when the candle closes. Everything is looking good so far, check out my previous analysis for XAUUSD if you want specifics on the analysis. This was a simple confirmation update. I have already entered the position. The USD-CB Consumer Confidence news were good rates for the currency pair, which is more likely to drag XAU down! Have patience
Trade closed: target reached