XAU/USD 1861.035 SHORT IDEA * PRICE ACTION AND STRUCTURE
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE METAL IN THE COMING WEEK.
> From the daily time frame we see gold struggling with the descending channel resistance that has already been tested multiple times in the
past period.
> Should the metal give a patterns at this level reversal pattern at that will be looking for short on the metal as the BEARS will control the market for a bit again as will be looking for a rejection.
> Should we break above of this structure looking for confirmations with the bulls for continuation targeting resistance level 2075.00
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE METAL IN THE COMING WEEK.
> From the daily time frame we see gold struggling with the descending channel resistance that has already been tested multiple times in the
past period.
> Should the metal give a patterns at this level reversal pattern at that will be looking for short on the metal as the BEARS will control the market for a bit again as will be looking for a rejection.
> Should we break above of this structure looking for confirmations with the bulls for continuation targeting resistance level 2075.00
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
