**POTENTIAL***Big Move to the downside XAU/USD ->200 Pip Move

16 mar 2023

Hello traders, I have entered short on this pair. Price has come up to an area of resistance, this pair has been historically known to tank when price gets to about these prices. So we want confirmation that this pair will fall, first we see a double top. Secondly, we have not 1 but 2 very bearish engulfing candlesticks. Lastly, we clearly see a bearish divergence has formed off the top of those levels. I'm looking to catch 200 pips on this move, but I could see this pair hitting close to 500 pips to the downside. Please trade with caution and proper risk management as this pair is super volatile.

Entry: 1919.33


SL: 1939.43

TP: 1892.55