$XAU time for short, open big short round 2 now
entry 4180-4220
sl 4230
tp 4150-4120
Short $XAU 👇
$XAU 1H. Price is sitting around 4,186, getting closer to the 4,197 resistance.
Support is still 52 points lower at 4,134, so we’re trading pretty close to the top of the range right now.
If 4,197 keeps holding as resistance, I expect price to stall here.
A clean break above it and the range starts expanding higher.
But lose 4,134 and this whole move gets reversed.
For now, 4,197 is the level I’m watching.
entry 4180-4220
sl 4230
tp 4150-4120
Short $XAU 👇
$XAU 1H. Price is sitting around 4,186, getting closer to the 4,197 resistance.
Support is still 52 points lower at 4,134, so we’re trading pretty close to the top of the range right now.
If 4,197 keeps holding as resistance, I expect price to stall here.
A clean break above it and the range starts expanding higher.
But lose 4,134 and this whole move gets reversed.
For now, 4,197 is the level I’m watching.
