Stargazer_fx

GOLD is below Support, Sell on Pullback....

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Please Support this Idea with LIKE if it is Useful....
GOLD
The price broke below support/resistance level,after a pullback or retest of the broken level I expect the price to further decline to the next support level,wait for the price to make a pullback or retest of the level and if price gives any bearish signal look for sell entry...

For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr 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.

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.