XAUUSD UPDATE

for now my bias is still bearish based on where the current market price is at, but from my chart work above I see possibility of a retracement before the drop continues or a little continuation of the drop . then from 1795 the price reaction at this point will determine if price will continue upwards or not. keeping my chart as simple as possible

please refer to my previous publications to be able to understand how I approach the market
feel free to drop your own views, comment or criticism .


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going short on XAUUSD

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SELL XAUUSD ENTRY 1785.88
STOPLOSS 1790.75

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in profit

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+32pips in profit

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+35pips in profit take partial profit and move your stoploss to entry point and HOLD

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if the zone at 1782 breaks expect more drop to the downside

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in the image below the highlight area u can see price reaction at this point

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+40pips boom!!!!

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price still yet to break the zone at 1782. if it fails to break expect a pull back upwards

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possible pull back to 1785

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price pullback as expected

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above are my conditions to go short... patiently wait to break 1780... or wait for it to pullback up 1793

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