XAUUSD 1h Price Action Analysis
As you see in the chart, There is a downtrend resisting the price and near it there is one major horizeotal resistance and another minor one.
As the trend has been downward since many days before, I strongly suggest only open short positions for swing trading. And for Long positions, Wait until the price breaks the downtrend and enter in it's correction (Which creates an MTR pattern).
As the trend has been downward since many days before, I strongly suggest only open short positions for swing trading. And for Long positions, Wait until the price breaks the downtrend and enter in it's correction (Which creates an MTR pattern).
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