I am watching for a possible reversal in XAUUSD, predicting a rejection with a downside target around 3.300.
This downside target is reasonable based on this setup, as it is based on a previous bullish move, from which price could find support and bounce, or break below, and the downside momentum could start to continue down.
I am just sharing my thoughts on the chart, this is not financial advice. Always confirm your setup and manage your risk accordingly.
This downside target is reasonable based on this setup, as it is based on a previous bullish move, from which price could find support and bounce, or break below, and the downside momentum could start to continue down.
I am just sharing my thoughts on the chart, this is not financial advice. Always confirm your setup and manage your risk accordingly.
Trade active
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.