Turning Down
Our Pivot: 1838.40
Our Preference: Start short selling XAUUSD below 1833.50 with strict stop loss of 1838.40 and profit target at 1823.60 with extension towards 1818.70.
Alternate Scenario: Upward penetration of 1838.40 will call for 1842 and 1847.
NOTE: XAUUSD is facing rejection from a horizontal resistant region and momentum indicators are losing strength.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.