danresdidualfx

Trade setup: XAU/USD analysis

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
price is approaching that liquidity/ institutional area of supply, wait for wicks to reject this zone of $1360.00 before taking any shorts, many retail traders were probably stopped out and liquidated their funds, so this could be a key reversal area.

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.