I have based this analysis on the last time XAUUSD saw prices below the 1750.00 mark which was about a year ago in August 2021.
A safe sell entry would be after a full, candle body close below 1726.00 with targets 1723.00 | 1718.00 | 1706.00 | 1695.00| 1687.00. If we see the price break below 1718.00, there is a strong likelihood that we will see a fall all the way to 1687.00.
I have resistance/SL price set for 1740.00 and a support price set for 1687.00.
Be sure to like this post and leave a comment. Trade safe in this volatile market.
A safe sell entry would be after a full, candle body close below 1726.00 with targets 1723.00 | 1718.00 | 1706.00 | 1695.00| 1687.00. If we see the price break below 1718.00, there is a strong likelihood that we will see a fall all the way to 1687.00.
I have resistance/SL price set for 1740.00 and a support price set for 1687.00.
Be sure to like this post and leave a comment. Trade safe in this volatile market.
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