OANDA:XAUUSD   Gold Spot / U.S. Dollar
after some nice bullish momentum to an area i was looking at now we see already a few rejections showing but this doesn't mean we can short from this zone yet as you can see we still could break higher and get my prefer entire at the top of that outer structure for that 3rd touch which would be a valid entry and line that up with a strong zone within price, but we might be up and down just grabbing more orders before we then drop out but we cant say for sure that gold will drop but this is looking more likely to eventually drop before going long again

having nothing on the table mean no risk nor emotions
we wait for the right time and we cant rush a trade let the markets show its hands first and then once everything falls into place then we trade



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.