Hi traders:
I am also closely monitoring XAUUSD for sell setups down to the recent lows.
We see the overall price is in this channel structure, forming a large correction.
The latest price action is correcting itself up toward the double tops, good signs of a bear momentum could come in.
I will be looking for sell entries either from the top of the structure, or a breakout and continuation correction to at least the recent lows
Thank you
I am also closely monitoring XAUUSD for sell setups down to the recent lows.
We see the overall price is in this channel structure, forming a large correction.
The latest price action is correcting itself up toward the double tops, good signs of a bear momentum could come in.
I will be looking for sell entries either from the top of the structure, or a breakout and continuation correction to at least the recent lows
Thank you
註釋
Price hit the top of structure, and a strong bearish move down. Look for continuation for short .
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