mytw0cents

XAUUSD : WEEKLY TRADE PLAN UPDATE

Short
mytw0cents Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last week's price breakout on weekly support at 1789.690 was followed by a retest of 1806.023 and a further dip 1745

If the daily close falls below 1750.740, I'll be seeking to counter the trend at 1739.890 until 1764.235 or 1780.670 before resuming shorting.

target 1680 or 1660

My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.

Like and subscribe and happy trading to all



Comment:

After failing to fall below support at 1750.7 for three days, gold price bounced back to resistance at 1764.235

After two days of rejection at 1764.235, the price managed to break through and retest 1780.670 today.

im stil bearish and my sl 1790 targeting 1764.235
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.