#XAUUSD | Sell Opportunity | Potential 1.43R
Gold looks like it is settling into a bit of a downtrend so jumping in on a nice retrace will be the target - we are aiming for price to test the order block and then confirm a resume of the downtrend with either an overbought condition or bearish divergence - ideally both. Realistically this can go much further into profit so it would be advised to chaes down with moving the SL into profit when closing in on the target
ENTRY | 1899.861
TARGET | 1893.866
STOP | 1904.186
Gold looks like it is settling into a bit of a downtrend so jumping in on a nice retrace will be the target - we are aiming for price to test the order block and then confirm a resume of the downtrend with either an overbought condition or bearish divergence - ideally both. Realistically this can go much further into profit so it would be advised to chaes down with moving the SL into profit when closing in on the target
ENTRY | 1899.861
TARGET | 1893.866
STOP | 1904.186
