XAU/USD: short position from resistance level(h1)
For gold, the current situation looks like this:
after the impulse broke through the support line, the price began to correct. If the corrective movement continues and crosses the 61% mark on the Fib grid, it is worth considering the option of selling from the 50% level.
Stop loss should be set beyond the beginning of the impulse.
Set take profit at 1790 or fix the position in parts.
An early breakdown of gold can be found at the link.
after the impulse broke through the support line, the price began to correct. If the corrective movement continues and crosses the 61% mark on the Fib grid, it is worth considering the option of selling from the 50% level.
Stop loss should be set beyond the beginning of the impulse.
Set take profit at 1790 or fix the position in parts.
An early breakdown of gold can be found at the link.