tradafx

Gold continues sideways

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
H1 time frame.
Structure: Downtrend.
The price formed a sideways range from 1748-1768.
There has been a downward move to break the Key level at 1748. Waiting for a confirmation signal can look for selling opportunities.
The profit target is the 1720 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!

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.