XAUUSD H1 Short From S/R TP BEARS 2565 USD
🔸Hello traders, today let's review 1hour price chart for gold. Recently
price action compressed into rising wedge and then broke down
currently re-test of breakdown zone in progress.
🔸Strong resistances at 2655/2665 USD, shorting from resistance
is the recommended strategy right now, limited upside.
🔸Recommended strategy bears: short sell from overhead resistances near 2655/65 SL 2675 USD TP1 2600 TP2 2565 usd. usd fixed stop loss for this entry at 2675 usd, swing trade setup may take more time to hit target. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
price action compressed into rising wedge and then broke down
currently re-test of breakdown zone in progress.
🔸Strong resistances at 2655/2665 USD, shorting from resistance
is the recommended strategy right now, limited upside.
🔸Recommended strategy bears: short sell from overhead resistances near 2655/65 SL 2675 USD TP1 2600 TP2 2565 usd. usd fixed stop loss for this entry at 2675 usd, swing trade setup may take more time to hit target. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Not
stopped out / no longer valid. stay tuned for further updates.Not
Not
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