XAUUSD expanded earlier and dropped back to 1625 support and currently resting on a demand zone , if price continues to trade above 1625 I will be going long to the next resistance which is at 1640... from the reaction at 1640 will determine if gold will continue bearish or trend further to 1680
Kommentera:
price pushing downwards... if the current support breaks, means the buy setup isn't valid anymore
Kommentera:
once 1625 support breaks start shorting it down to 1615.00
Kommentera:
candle progression on 15mins time frame is looking bearish... wait for the support to break then you go short
Kommentera:
hammer formed on 1hr time frame...