Confluences - Break in market structure - Multiple rejections - Approaching unmitigated supply - Price Imbalance Fill? - Divergence - Smart Money Technique - Asian & London double bottom cleared
XAU/USD is ranging now, there is no direction certain for now. But if the price will hit the Key Level, we would be looking for a nice scalp sell.
Sell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00. Reason for the trading strategy: We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement). RSI (34) has made a bullish exit and warns off a...