XAUUSD:$1,535-$1,545 Area of Significant Interest

2019年10月8日

I would be very interested in shorting XAUUSD if it retests the $1,535-$1,545 region. This area would give us a high probability trade set up. Even though in my previous Gold analysis I noted that price got rejected at $1,519, but $1,535-$1,540 is right at the broken TL, and seem to be an area of significant interest. Based on back testing I've done on the pair, price like to revisit its broken level. However, we still have to watch price action if it does retests the zone and wait for signals before entering the trade.

Here's what I'll be doing:
Short XAUUSD at $1,535-$1,545
SL at $1,560
TP 1: $1,446 & TP 2: $1,370

2019年10月10日

取消訂單

It seems like price could not make a newer high than previous week ($1,519) and swiftly found resistance at the newly established downward TL at $1,517. For now I’m going to abandon this trade idea. I feel like I was too conservative in my entry even tho I felt like I have valid points to enter trade sooner. Anyways, hindsight is 20/20. If we get a new low this week then we can look for potential short set up going into next trade week. Please leave a comment and follow to show your support.