XAUUSD - 1200 Units Bearish - NFP Trading

7 באוג׳ 2020

I believe that XAUUSD could be poised for a reversal, thus possibly reverting back to the former vibration area, the triangle’s bottoms.
There is a potential ending diagonal with a pinch of bearish divergence that might just deliver that.

• Ending diagonal pattern
• Bearish divergence
• Fibonacci extensions
• Large degree top
• Next expected swing on XAUUSD: 1200 units, bearish

My NFP Trading in August 2020:

• Looking to short at the tops
• Market price buy, tight stop, for back-up
• In case of breach, I have a sell-stop

*not investment advice, only market commentary.

7 באוג׳ 2020

עסקה פעילה

11 באוג׳ 2020

עסקה סגורה: היעד הושג

Target Reached!
The sell-stop was good.
100 units caught on camera.