owlswift_fx

GOLD pulling back to 1914

Short
owlswift_fx Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Price is on a journey to 1985 but at this point I believe it is going to pullback to 1914 because the upward movement from 1885 to 1953 was a steep and fast one.

Price has shown weakness on the daily tf and I believe the long awaited pullback is here

Reasons to Sell
1. Price has shown clear rejections on the 4hrs supply zone and daily
2. We saw a strong selling pressure last Friday when USD gained strength with the help of NFP
3. Price got rejected at the 61.8% of the Fib retracement on the daily TF which marks a strong reversal level

First TP level was hit on Friday @ 1935, and we got a rejection back to 1940, so I would advise looking out for selling opportunities towards 1925 and finally 1914

RIsk Management is advised

I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.

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Comment:
Selling looks good...Keep Holding, next target is 1925
Comment:
Final TP is near 🤑
Comment:
Eyeing 😍 1911 for today
Comment:
Intraday outlook
Trade closed: target reached:
The long awaited 1911 is done 🤑💰💰✔✔💲💲💲

Wait for new setup. Follow me for more

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