4 June: Gold could see limited upside before reversal
Hello everyone!
Seeing bearish momentum on XAUUSD here, prices could see a pullback to test the entry which is in line with the 78.6% Fibonacci confluence levels. In terms of market structure, the support area is broken and we could see a short term drop here.
Trade ideas posted here daily, follow for the latest updates. If you have any views on the currencies please type in the comments below, I'd love to hear them!
Seeing bearish momentum on XAUUSD here, prices could see a pullback to test the entry which is in line with the 78.6% Fibonacci confluence levels. In terms of market structure, the support area is broken and we could see a short term drop here.
Trade ideas posted here daily, follow for the latest updates. If you have any views on the currencies please type in the comments below, I'd love to hear them!
Trade closed manually:
Prices sitting on ascending trend line on the daily time frame, closing trades here at 1879.49, will wait for a better opportunity when it comes
Trade closed manually