黃金現貨 / 美元
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XAUUSD Short Idea

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For a long time gold has been in a downtrend and recently we have seen gold pushing up trying to correct the bearish move without any smooth correction in price. Most areas of resistance hasn't been tested for support and the buying pressure is too much, which already draws many sellers in to this pair. Price has broken through the 4hr fractal high indicating that it wants to push further, however since then price has aggressively broken through many zones and order blocks showing the intense buying pressure. With this pressure, comes sellers. My guess would be that price will come to the 1860 area where the indicator generated support is and this is where price will struggle the most as there is a bearish order block on that zone, a resistance, a resistance trendline, no correction recently therefore sellers will be coming in and the fact that gold still needs to retest alot of areas before being able to push upwards again. Anyways, hope this idea helps you traders and good luck!

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