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XAU/USD: 4H bearish closure short opportunity +600 pips

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Sphinx_Trading Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Beyond Technical Analysis Chart Patterns XAUUSD sphinx_trading
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trendanalysis beyondta chartpattern xauusd sphinx_trading
- We can observe bearish pressure after price made a liquidity sweep at 2000.0 major supply.
- A new lower high formed at 1885.0 also a strong 4h bearish closure.
- We might have a bearish move to 1900.0 major demand.

* Pivot: 1955.0
Comment:
- Price reached 1955.0.
- Wait for upcoming news:
Existing Home Sales
Fed Chair Yellen Speaks
Comment:
- Full bearish 1h closure.
- Demand zone 1960.0 been broken.
- Waiting for a retest on 1960.0 before price drop to the next demand.
Comment:
- Great 4h bearish closure.
- Next demand at 1930.0.
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