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FriesianFX
Aug 1, 2023 9:35 PM

XAUUSD Gold 1 month swing trade breakdown Short

GoldOANDA

Description

1st day of the month and we are off to a cracker. We said yesterday that we can anticipate swing sells based on the monthly candle rejecting strong resistance and that is exactly what we saw. Plan remains to visit the low 1900s and even 1800s, after such a heavy move down beware of consolidation/retraces before price continues down.
Comments
Aust_David198
This is a sound analysis, thank you.
FriesianFX
@Aust_David198, Cheers mate appreciate the feedback!
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