XAUUSD Trend Analysis and possible fallout.
XAUUSD has again reached the 1910 level which is one of the critical levels to watch. However the bulls have failed to push the market through and a decent pull down is expected. However, pull down can only be confirmed if price falls below the trendline A. Enter the market at 1907 level with a SL of 1911.89 and TP of 1895.
Please note that this setup only becomes valid if the price moves below trend line A. If not, the setup is invalid and price might move in opposite direction.
Any ideas of suggestions are welcome in the comments.
Have a great day...!!!
Please note that this setup only becomes valid if the price moves below trend line A. If not, the setup is invalid and price might move in opposite direction.
Any ideas of suggestions are welcome in the comments.
Have a great day...!!!
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