ali.se.18
Short

Confirmed Recoil

FX:XAUUSD   Gold/U.S. Dollar
Resistance at 1266 worked very well here. It tried twice until it recoiled back to 1261.

Also Longterm-Weekly-Downtrend (Blue trend line) is showing its potential here, which also supports the idea of a strong resistance area at 1266.

I would consider a short position here. If you want to go the safer way then place an order at 1258.

Related Ideas

ali.se.18
2 years ago
In my opinion the released US Market Datas are not strong enough to argue with the resistance at 1266.
Reply
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