1.XAUUSD -0.26% is momentarily in a 'Consolidation Channel' after a drop.
2. Formed a 'Bearish Engulfing Candle' right at a 'Resistance Zone' at the close of the market
3. The candle closed within the upper band of the 'Bollinger Bands'
The aforementioned makes a 'Reversal Trade' trade-worthy. We will be looking to short XAUUSD -0.26% at the open of the market
2. Formed a 'Bearish Engulfing Candle' right at a 'Resistance Zone' at the close of the market
3. The candle closed within the upper band of the 'Bollinger Bands'
The aforementioned makes a 'Reversal Trade' trade-worthy. We will be looking to short XAUUSD -0.26% at the open of the market
Trade closed manually:
Closed manually @ 1183.33 for a weekly gain (profit)