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yin888
Feb 7, 2018 4:42 PM

XAUUSD more downside to come? Short

Gold/U.S. DollarFXCM

Description

Price rejected resistance area. Shorted @ 1325. So far so good.
Didn't have the chance to share this set-up earlier as I do not have access to my laptop

Trade active

Comment

My TP level is at 1314. Might see a potential bounce from there.
H4 view:

Trade closed: target reached

Comment

Price is now in the mentioned area. Possibility that it might reverse and head upwards towards upper trendline.

Comment

Testing mentioned zone for the 2nd time. Break or bounce? Let's wait and see what price does before hopping in.

Comment

Perfect bounce back up in highlighted area
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