Hello Traders !
This is a technical view on XAUUSD, we're looking for taking a short position for next coming days;
We've a bearish trend on all time frames, as daily having a bearish price action, following with this current consolidation, for the last move we had seen that the price rejected from the Monthly Resistance at 1770.89, and testing the 1750.00 support area, after that the price goes back into the weekly Resistance to retest it at 1764.62,
In short term we expect from that these levels had a lot of Supply which will down the market into lower levels ASAP...
TRADE CAUTIOUSLY..
This is a technical view on XAUUSD, we're looking for taking a short position for next coming days;
We've a bearish trend on all time frames, as daily having a bearish price action, following with this current consolidation, for the last move we had seen that the price rejected from the Monthly Resistance at 1770.89, and testing the 1750.00 support area, after that the price goes back into the weekly Resistance to retest it at 1764.62,
In short term we expect from that these levels had a lot of Supply which will down the market into lower levels ASAP...
TRADE CAUTIOUSLY..
Order avbruten