FX:XAUUSD   Gold / US-Dollar
Bearish engulfing rejection to weekly resistance.. Awaiting breakout of channel & support for shorts down to potentially monthly key level 1300
Kommentar: a break of 1345, the next area of minor support is 1332.
Kommentar: taking a closer look price looks to be trying to breakout of its channel, I would like to see a break of 1343.50 & retest of the zone turning into resistance to enter this pair.. Patiently waiting while price action does its thing
Kommentar: potential entry on the next candle retest to the 61.8
Trade ist aktiv
Kommentar: price retesting broken support to resistance
Kommentar: lets go.. Simple break & retest of zone now headed to 1325
Kommentar: potential higher time frame trendline retest
Kommentar: Got close to getting stopped out, however price reversed back to the downside. 1325 still my first target
I chicken out after being stopped. Had moved my stop loss into profit and was kicked out. Looking for a re-entry

eazywayout Tunga1983
@Tunga1983, yeah golds not being nice -_-
As always the analysis is on point!!
+1 Antworten
awesome . thanks for the update
+1 Antworten
@fx-lord, of course!
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