OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD has seen a good short squeeze as the Bank of England has made a statement that acted as a positive impulse. The further new home sales boosted this impulse even further.
1660-1665 is a good level for a short entry as we are forming a top. As we are in a bear market there is a hight probability that everythign that was gained today will be eliminated tomorrow.
SL : 1685-1690
TP: 1598

# if the small rally breaches the 1680 zone expect it to move further to 1720-1740 b4 falling back down

!do not invest based on this!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.