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Majani

XAUUSD SELLING OPPORTUNITY AFTER A BEARISH BAT 61.8 RETRACEMENT

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Majani Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD xauusdshort
5
0
trendanalysis harmonicpatterns chartpattern xauusd xauusdshort
XAUUSD FORMED A BEARISH BAT AND PRICES DROPPED AS EXPECTED. HOWEVER TODAY IT HAD A STRONG RALLY THAT'S STRUGGLING TO CLOSE ABOVE THE 0.618 FIB RETRACEMENT LEVEL. IM WATCHING CLOSELY FOR A SELLING OPPORTUNITY AT 0.618/0.786/0.886 LEVELS. THIS SET UP WILL BE INVALIDATED BY A DAILY CLOSE ABOVE THE BAT PATTERN D POINT.
Trade active:
PRICE FELL FROM THE 61.8 LEVEL AS EXPECTED
1ST TARGET 1319
2ND TARGET 1298
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