XAUUSD
Hello traders,
Yesterday, we experienced a rejection of the weekly Fibonacci 68% level and retested it three times with a clear bounce off. Based on the 1-hour and 4-hour chart views, we can observe a slight bearish trend forming. Currently, we're at 1945, a strong resistance area that also aligns with the 78% Fibonacci level. For these reasons, I believe a bearish trade would be the most suitable. However, please exercise caution as we have important news scheduled for 2:30 pm, which could have a rapid impact on the chart.
Trade active:
I'll close my trade BEFORE NEWS or put it at BREAKEVEN.
Comment:
1h candle looks like doji good for us
Comment:
40 pips with news peferct hope everyone got out with his sell trade.
Comment:
Let's look for a sell opportunity at 1952 if the next news are on our side