OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is still is this following my previous analysis, this is just an update/continuation .
here we have 1677 as our new resistance, if price continue to trade below this level expect futher drop just as marked out on my chart. am looking forward to another 200pips + on this trade.

going short, once the 4hr support at 1660 breaks expect further drop to the down side
Comment:
IN PROFIT +35 PIPS
Comment:
TP @ 1666
TP @ 1660
TP @ 1650
TP @ 1640

STAY TUNED FOR SCALING IN OF MORE ENTRY POINTS IN NEXT SESSION
Comment:
Price currently struggling at 1670, price might pull back up to 1674 before continuing the drop to the down side. but if price fails to pull up to 1674 then we can scale in another entry once price breaks 1668 and 1660 respectively
Comment:
seems price might not be pulling up to 1674, get ready to trigger your scale in positions once it break the above mentioned zones
Comment:
price struggling to break 1668, move stoploss to entry

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.