XAU/USD: short position from sell zone and trend line(h4)
The situation for gold is as follows: the price broke through the local trend line and returned to retest, after which it gave a new impetus to the downward movement.
The best selling price would be a return to the strong trend line near the selling area.
After that, we can expect the price movement to 1765-1760.
If the strong support level is broken, the selling pressure will greatly increase (note this huge buy bar from this zone).
Thank you and good luck!
The best selling price would be a return to the strong trend line near the selling area.
After that, we can expect the price movement to 1765-1760.
If the strong support level is broken, the selling pressure will greatly increase (note this huge buy bar from this zone).
Thank you and good luck!