XAUUSD Sell
For xauusd to continue to the upside, a 4hr candle must close above 2586. Buy target will be at 2600 new high point and also 4hr channel.
Possible sell at 2600 and current price 2586
1st target will be at 2560
2nd target 2533
Reasons for sell:
1) XAUUSD made TEN 4hrs green candles after PPI news! A pull back must happen
2)Price broke up through 4hr channel, i will be expecting a pull back right back into the channel
3) XAUUSD has not created a higher low point to continue to the upside
4) 2560 to 2550 will definitely be tested
5) DXY may continue to the upside
Good luck and trade safe.
Possible sell at 2600 and current price 2586
1st target will be at 2560
2nd target 2533
Reasons for sell:
1) XAUUSD made TEN 4hrs green candles after PPI news! A pull back must happen
2)Price broke up through 4hr channel, i will be expecting a pull back right back into the channel
3) XAUUSD has not created a higher low point to continue to the upside
4) 2560 to 2550 will definitely be tested
5) DXY may continue to the upside
Good luck and trade safe.
Trade chiuso: obiettivo raggiunto
TP Hit! As expected price made a downward movement back in to the channel and 4hr candle did not close above 2586. Price actions and market structure is KING. Trade chiuso: obiettivo raggiunto
TP SMASHED! Nota
TP ALL SMASHED BUY AND SELL!!!Trade chiuso: obiettivo raggiunto
ALL TP SMASHED!
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