Gold W formation a breakout of yesterday High or a new low

21 авг. 2020 г.

XAUUSD
On the back of the US employment data, yesterday Gold manages to reach again 1955 without being able to cross over previous day high. Today a breakout of that level can enable an extension to the 196x level but as for now, a new low is still on the card. Here are the high low sequences:

21 авг. 2020 г.

Сделка закрыта вручную

Exit manually on the 1929 area, make a new Short entry 1935 but atm there is ascending support and US session is no needed to go further

21 авг. 2020 г.

Сделка закрыта: достигнута тейк-профит цена

The new Short entry 1935 reached the target, finally sequence complete ;)