XAU/USD: short position from resistance level(h1)
At the moment, we see a correction after a strong impulse move. Against the background of the upward movement, a trend line has formed, which, according to my forecasts, will be broken.
Prices met strong resistance at 1795.00. Pin bars were formed, and sellers took the initiative into their own hands. This level also superimposes on the trend line of the older timeframes.
There is every reason to believe that the price will move down.
Yesterday's forecast can be found here.
Thank you and good luck!
Prices met strong resistance at 1795.00. Pin bars were formed, and sellers took the initiative into their own hands. This level also superimposes on the trend line of the older timeframes.
There is every reason to believe that the price will move down.
Yesterday's forecast can be found here.
Thank you and good luck!