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Short from Resistance and Trendline - XAUUSD
This is my trading plan for XAUUSD at the market open in a few hours.
Considering the extensive bullish movement in the last 4h candlesticks, i expect a retracement before continuing or consolidating into a sideways market. I honestly dont see a massive pullback, more like a small corrective move towards 1670/1660.
We will have to see where the market positions itself and see if the strenght of the USD is still going to be the moving currency.
The plan is to go short around 1680$ towards 1670/1660$.
Good luck!!
Considering the extensive bullish movement in the last 4h candlesticks, i expect a retracement before continuing or consolidating into a sideways market. I honestly dont see a massive pullback, more like a small corrective move towards 1670/1660.
We will have to see where the market positions itself and see if the strenght of the USD is still going to be the moving currency.
The plan is to go short around 1680$ towards 1670/1660$.
Good luck!!
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