OANDA:XAUUSD   Gold Spot / U.S. Dollar
Move 1 - SELL:
- price was at 4H trend line
- double top was being formed
- price at key fib level
- price overbought on RSI
- sniper entry based on the average of the lowest & highest points price reached at resistance
Move 2 - BUY:
- price at key resistance level
- fib gold zone level reached
- oversold RSI
- price was forming head and shoulders and up to that point had been respecting it
- great risk to reward of over 1:4
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.