MMBTtrader

XAUUSD in range zone wait for breakout and then trade.

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As we can see these kinds of times usually range zone make some strength for metal or .... and we may have breakout to upside and then continuation of rise .
and some times after range zone we have breakout to down side and changing trend .

but for now i think that in this area we have so many stop loss set and market maker or ... will pump price or .... and after hitting peoples stop loss it will start to fall or see some correction
and that is technical thing too that we called it new high 😁(but for me that is so many stop loss that reached).

so we are going to open sell position some have after breakout but this zone is strong resistance too and price can fall now even .

DISCLAIMER:.
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments

Nice mate, we should not miss any point, this is my analysis for short
+3 Reply
I love how you explain good work
+2 Reply
MMBTtrader rick_artsFx
@rick_artsFx, thanks a lot bro
Reply
This is rick__arts from Instagram 😎
+1 Reply
MMBTtrader rick_artsFx
@rick_artsFx, oh hi bro

got it 👍❤
+1 Reply
Let me try make some dollars from this analysis ❤️
Reply
GOLD IS SUPER TRENDY AND HAVE + UP MOVE MANNER =NEVER OPEN REVERSE POSATION ON IT ,SPECIALY SELL=MARGIN CALL
+1 Reply
i think 1850 sounds better place to sell
+1 Reply
Your graph and explanation indeed make sense. Many traders not aware of the market maker's game and place their order at the breakout point.
+1 Reply
MMBTtrader nantha82
@nantha82, yes and thanks dear
Reply
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