My next area to sell gold, untapped order block, lets see how this one plays out... want to see a rejection from this zone/ before entering a position, will scale into the lower time frame for that trade and will update accordingly.
XAUUSD H4 CHART
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PREPARE FOR A BREAKOUT FROM THE TREND LINE.
SELL AT 1320 LEVEL WITH A STOP LOSS JUST ABOVE 1322.
PROFIT TARGET NO MORE THAN 500 PIPS.
STOCHASTIC IS READY TO BEGIN ITS FALL.
Note : Gold XAUUSD @ very strong support zone now but trend was bearish.
So the faster it takes out resistance @1330's, XAUUSD (gold) will be bullish again.
I dont expect 1300 support to break, incase that happens Gold will be @ 1250's soon.
Thanks for your support...Happy Trading !
