CFD Oro (US$/OZ)
Short

Gold Possible Scenario

153
XAUUSD is now in a consolidation phase is not easy to see where could be the Bias.
there are mainly 3 possible scenarios to happen .
First it could brake 1885 and easily go to 1890 then 1900, second scenario is if it breaks below 1870 profit targets will be first 1865 then 1852 the 0.5 of fibonacci retracement or it could reach 1865 then get a reversal going to first scenario.
My personal bias is temporary down because RSI on 4 hr time is on overbought level I think there is high chance for a retracement to happen with targets 1865 and 1852. I put 1885 as stop loss.
is better to wait for confirmation, good and consistent profits are better than once in a lifetime perfect trade! proper risk should be taken 2% - 4% of total capital is perfect this is only my personal view.
Good trade everyone!

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