XAUUSD - GOLD BEARISH IDEA
Same like as my last idea about gold.
I'm still bearish , 1960 and above has become a major resistance and a strong one to break.
1955 level is broken several times to the downside.
But what is actually happening is because of the range :
MAJORITY OF PEOPLE WIILL PLACE THEIR SELL&BUY ORDERS ON IMPORTANT LEVELS
THAT FOR THIS RANGE ARE between : 1945 / 1955 / 1965 and above
this kind of range is very high risk for intraday trading there will be to so many
candle wicks and stop hunting.
my prefer setup for 07/18/2023 is on the chart.
I'll for the price to make a close-high on Asia or London then I will open
sell positions manually same as today based on price action based on 1H/4H
What is your idea?
Do you guys have the same idea?
I'm still bearish , 1960 and above has become a major resistance and a strong one to break.
1955 level is broken several times to the downside.
But what is actually happening is because of the range :
MAJORITY OF PEOPLE WIILL PLACE THEIR SELL&BUY ORDERS ON IMPORTANT LEVELS
THAT FOR THIS RANGE ARE between : 1945 / 1955 / 1965 and above
this kind of range is very high risk for intraday trading there will be to so many
candle wicks and stop hunting.
my prefer setup for 07/18/2023 is on the chart.
I'll for the price to make a close-high on Asia or London then I will open
sell positions manually same as today based on price action based on 1H/4H
What is your idea?
Do you guys have the same idea?
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