XAUUSD Short

6 thg 2, 2019

XAU seems to be stuck at the 1316.00 psychological level, having no more bullish power. Also that level corresponds with the 38% fibo level, having almost reached the 50% with that previous wick. We have to keep in mind tthat IT STILL DID NOT CREATE A LOWER LOW, so if you want to consider a position here, I would suggest to let the chart do the trick before you enter short.