Possible short opportunity on XAUUSD because...
1. Price has started making lower highs and lower lows.
2. Price has hit resistance.
3. Price is retesting the institutional candle made ( last up candle ).
Price could possibly rise to the 50% fib retracement, and then possibly go down.
TP: 1850
SL: Around 1883, above the institutional candle.
1. Price has started making lower highs and lower lows.
2. Price has hit resistance.
3. Price is retesting the institutional candle made ( last up candle ).
Price could possibly rise to the 50% fib retracement, and then possibly go down.
TP: 1850
SL: Around 1883, above the institutional candle.