XAUUSD 4H Chart - 16th April
XAU USD Mid Week Update
So a couple of 4 hour short wicks have formed on top of the box that was bracketed out at 2385,
forming a lower high then the previous high, temporarily at least for now.
The bottom of the box 2322 - 2323 has also been respected by last nights long wick candled that briefly touched and bounced back up.
My view on XAU has not changed, I am still holding a short position outlook, do find a brokerage that will provide positive swaps when shorting gold, but the first level of resistance would be at 2322 -2323, and second level at 2300, third at 2194 and our final TP at 2135-2120.
So a couple of 4 hour short wicks have formed on top of the box that was bracketed out at 2385,
forming a lower high then the previous high, temporarily at least for now.
The bottom of the box 2322 - 2323 has also been respected by last nights long wick candled that briefly touched and bounced back up.
My view on XAU has not changed, I am still holding a short position outlook, do find a brokerage that will provide positive swaps when shorting gold, but the first level of resistance would be at 2322 -2323, and second level at 2300, third at 2194 and our final TP at 2135-2120.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.