GOLD 4H - POSSIBLE 1 MORE DROP BEFORE FLY?

XAUUSD

Price is in strong bullish trend overall.

Can see deep retracement in the moment. Target 1 more drop before price fly up high.

Target Entry: Sell @ 1505
SL @ 1530 (250 pips)
TP @ 1455 (500 pips)

Note: SL I placed is safe zone. I might cut loss early and look for reentry once the price is in strong bullish trend.

TAYOR

Trade active:

Trade is active @ 1505. (short)

Let's see what will happen...

Trade closed manually:

I cut loss at 1516. I can see strong bullish momentum. Will reentry when bearish momentum starts to kick in.