TIME TO SHORT XAUUSD (GOLD) - (A SIGNAL)
SHORT POSITION ON GOLD
Why I'm taking this trade?
1. Trend is still bearish
2. Gold is still trending below
our 50ema and 200ema
indicator for medium to long term
trend.
3. Confluence of our 50% fib level
price has retested and is rejecting
this level
4.Confluence in our RSI which is
bearish divergence.
2.19RR
NOTE THAT THERE WILL BE A MAJOR NEWS ON USD AT GMT +8
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
Why I'm taking this trade?
1. Trend is still bearish
2. Gold is still trending below
our 50ema and 200ema
indicator for medium to long term
trend.
3. Confluence of our 50% fib level
price has retested and is rejecting
this level
4.Confluence in our RSI which is
bearish divergence.
2.19RR
NOTE THAT THERE WILL BE A MAJOR NEWS ON USD AT GMT +8
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
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