Xauusd short analysis

29 авг.

Hi everyone.
In 4H TF we touched the resistance level four times, we also have a good divergence in TSI indicator and a broken trend line with a retest.
I think in this situation it looks more bearish, but as we have GDP report ahead, I'm not going to risk my capital for this Idea.
Those who want to enter this trade please consider volatility & and high spread in the report time. Risk management is the key.

Lets see what happens...

30 авг.

Сделка активна

Those who set this order, the entry triggered yesterday and is active.
I think we reached about 1:2.5 RR.
Partial exit and SL to BE pls.

Goodluck.

1 сент.

Заметка

I think that was a good entry point and we're going to 2480 and then 2460

3 сент.

Заметка

In the 1H TF we have a double bottom pattern and divergence in TSI indicator. So If any candle closes above the 1H swing high I'll close the rest of the trade.
Let's see what happens...

3 сент.

Заметка

On the other hand, on DXY(Dollar index) we have a broken trendline and a level of resistance that was touched 3 times and divergence in TSI indicator. If the price closes below the low then we can say that DXY is going down and it can cause Gold to go up...

3 сент.

Сделка закрыта: достигнута тейк-профит цена

Yeah, We reached the target.