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XAUUSD DOWNFALL
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Gold is overall bullish now trading above the white trend line , traded above the major supply @2000 area highlighted as a transparent rectangle, went for a retest on the white trendline. Gold is now moving toward the major supply area.
As per trading style:
Wait for XAUUSD to approach the major supply to guarantee a short position for short term to the next support 1800 area.
Unless the major supply is broken again, then we may possibly trade above the blue flag.
Always follow your trading plan regarding entry, risk management, and trade management.
Goodluck!
Gold is overall bullish now trading above the white trend line , traded above the major supply @2000 area highlighted as a transparent rectangle, went for a retest on the white trendline. Gold is now moving toward the major supply area.
As per trading style:
Wait for XAUUSD to approach the major supply to guarantee a short position for short term to the next support 1800 area.
Unless the major supply is broken again, then we may possibly trade above the blue flag.
Always follow your trading plan regarding entry, risk management, and trade management.
Goodluck!
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