XAU/USD 1716.76 is a major sell pending at this level be careful taking profit around 1709.00 1701.00 because of the big left hand wick on the left hand side.
you never want to sell into a support zone so i would take profit half way of the wick how ever 1681.00 is a long term tp because there is a major support in that level
also around 1756.021 there is a major resistance level to 1745.68 is the second highest point and then at 1716.00 there is consolidation zone waiting to be
broken. the trend lines also confrim the down trend because price tried to move to the high of 1756.21 and it failed and was drowned out twice.
you never want to sell into a support zone so i would take profit half way of the wick how ever 1681.00 is a long term tp because there is a major support in that level
also around 1756.021 there is a major resistance level to 1745.68 is the second highest point and then at 1716.00 there is consolidation zone waiting to be
broken. the trend lines also confrim the down trend because price tried to move to the high of 1756.21 and it failed and was drowned out twice.
Trade closed: target reached
MRXAU