XAUUSD H1
Sold off nicely yesterday as we pinned into our second resistance zone, priced at 1980 ish. First zone at 1964 got slaughtered. We saw a nice 50-80 pip rejection initially at our indicated resistance price, before then coming back up towards 1981 in recent trade.
Hoping we see more dollar strength in line with the above analysis, and therefore more downside pressure here on XAUUSD.
Sold off nicely yesterday as we pinned into our second resistance zone, priced at 1980 ish. First zone at 1964 got slaughtered. We saw a nice 50-80 pip rejection initially at our indicated resistance price, before then coming back up towards 1981 in recent trade.
Hoping we see more dollar strength in line with the above analysis, and therefore more downside pressure here on XAUUSD.
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Website - stan.store/TradeSimpleFX
Instagram: www.instagram.com/trade_simple_fx
e-Mail: info@tradesimplefx.com