Oro / DollaroShort
XAUUSD Downtrend Support level on 4H Retracement
Hello Traders! 👋
What are your thoughts on XAUUSD?
XAU/USD could not break below the 4H key support level today, which will cause the pair to retrace back to the Resistance level. This will create a third point of touch on the trendline. I will wait for a double top chart pattern to form on the 15-minute timeframe to serve as a major confluence and entry signal for a potential Sell.
Don’t forget to like and share your thoughts in the comments!
What are your thoughts on XAUUSD?
XAU/USD could not break below the 4H key support level today, which will cause the pair to retrace back to the Resistance level. This will create a third point of touch on the trendline. I will wait for a double top chart pattern to form on the 15-minute timeframe to serve as a major confluence and entry signal for a potential Sell.
Don’t forget to like and share your thoughts in the comments!
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