AVCDTrader

Bearish in play?

Long
AVCDTrader Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
Bearish volume seems to have entered the market. However, I would still stay that market is just having some minor correction to fill some inefficiencies beneath. I have 2 possible setup for the remaining week to come. Riding on the bearish momentum downwards, I would like to see the market fill the 'Gap' beneath, and straight into my buy zone for bullish continuation. And judging on how the market reacts thereafter, I will look to short the market. I will update further.
Trade closed: target reached
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.