jackosei

XAUUSD Trade Idea / Weekly Outlook

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looking to Short from these 2 POIs; First Entry at 38% with SL at 50% & 2nd Entry at 61% with SL at 78% Fibonacci Level, if the zone doesn't hold or take us to TP. We need the bears to step in the that level to continue the momentum down. Otherwise, the market will retrace deeper into premium levels before dropping to potentially create a new low.

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