Overview XAUUSD for intraday trading 07/08/18
After bounce at resistance 1213.56, price goes down. Key level at 1210.82 to open short position, you can wait to breakout or pullback to its level. Stop loss at recent resistance 1213.56 and target price around 1207.22.
Many trade setup before, price does not pullback that much so you can either enter position after breakout or wait for pullback.
Many trade setup before, price does not pullback that much so you can either enter position after breakout or wait for pullback.
Comment:
Apparently, the price can not break the key level and respect it. So there is no shirt position. If you take long position after it bounce to the key level, it's a good analysis.