Previously I suggested the idea of a long for XAUUSD on H4. Didn't work out that well. I do believe this is a short on the daily with a nice pullback targeting previous lows. Bearish flag pattern formation on the weekly chart, favouring the upside, but on the daily we have a pullback in a clear downtrend.
Lower highs/lower lows.
Long term Gold is very much bullish on the weekly, on the daily this looks like a nice short scalp move.
Let Me Know What You Think!
TRADING IDEA, NOT TRADING OPPORTUNITY - I RECOMMEND THAT YOU DO NOT TRADE THESE SIGNALS UNLESS YOU HAVE A PROVEN SYSTEM YOU TRUST THAT AGREES WITH THIS.
Lower highs/lower lows.
Long term Gold is very much bullish on the weekly, on the daily this looks like a nice short scalp move.
Let Me Know What You Think!
TRADING IDEA, NOT TRADING OPPORTUNITY - I RECOMMEND THAT YOU DO NOT TRADE THESE SIGNALS UNLESS YOU HAVE A PROVEN SYSTEM YOU TRUST THAT AGREES WITH THIS.
Trade closed: target reached