XAUUSD, Two areas to Sell with $1850 as target..
Please Support this Idea with LIKE if it is Useful....
XAUUSD
price has rejected 3 times from the descending trendline, previously the trendline acted as strong resistance for three times,if price starts to rejected from the trendline then we can initiate shorts with $1,850 as the target, and if price manage to break the trendline then I will look for short from the supply zone.
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
XAUUSD
price has rejected 3 times from the descending trendline, previously the trendline acted as strong resistance for three times,if price starts to rejected from the trendline then we can initiate shorts with $1,850 as the target, and if price manage to break the trendline then I will look for short from the supply zone.
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
