Possible short opportunity on XAUUSD
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.