XAUUSD SHORT
On the monthly chart we have a bullish trend that is struggling to find momentum. There is a liquidity grab indicating a reversal is in the horizon targeting 1731 price handle.
On the daily charts we have a change of character that indicates a shift in order flow followed by a bullish correction that failed to break the previous high.
On the 4 hour chart we look at the bullish correction that has a shift in its internal structure confirming our earlier bearish bias. Our sell limit placed recently has closed at the target price of 1986
Presently we are looking at bullish corrections that can stop at either of the three targeted regions. Trading the bullish corrections is not recommended, we will monitor further sell set ups targeting 1961 and 1825.
On the daily charts we have a change of character that indicates a shift in order flow followed by a bullish correction that failed to break the previous high.
On the 4 hour chart we look at the bullish correction that has a shift in its internal structure confirming our earlier bearish bias. Our sell limit placed recently has closed at the target price of 1986
Presently we are looking at bullish corrections that can stop at either of the three targeted regions. Trading the bullish corrections is not recommended, we will monitor further sell set ups targeting 1961 and 1825.
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