SELL: XAUUSD - Closure below the support/downward trend

15 Ağu 2023

We have entered a Sell on GOLD/XAUUSD.

Following our earlier analysis, we waited for a closure below the range, and entered a SELL

All timeframes are also Bearish. They are in a downtrend and keep breaking lows and supports, making the resistance lower each time

We will wait for at least 20+ pips before we will close part of our position, then SL to BE and will let the rest run.

Good Luck!

15 Ağu 2023

Not

I also really liked that there was no candles to the left, after we would break the support. There is a clear run down of almost 80pips until we get to the next support