Xauusd currently trading 1670, the current resistance is 1670 if price continue to trade below this resistance and on this supply zone i will be going short once price pull up to 1663 to 1669 .
but once the 1670 resistance breaks I will be looking forward for price to pull up further upward to 1680 before drooping back down to retest the broken resistance
on the daily time frame you can see the descending channel and 1680 is a major price point of interest, so expect the drop back down
but once the 1670 resistance breaks I will be looking forward for price to pull up further upward to 1680 before drooping back down to retest the broken resistance
on the daily time frame you can see the descending channel and 1680 is a major price point of interest, so expect the drop back down
the optimal place to go short will be around 1680 or close to it , cuz its the HIGH PROBABILITY sell set up. you all just have to patiently wait for it