Bearish but will still do a small move up !
Don't be the wick ! Don't be the liquidity ! Don't be the small fish !
There is a big chance that Gold will break down a bit and then move up again to grab liquidity before resuming back down.
The chart demonstrates the price action as I personally see it and have seen it live before.
Please wait for the candle to close below support (previously resistance) before you take action , and always remember it's a game of waiting.
You might be tempted to enter early and grab the biggest possible number of pips, but if you think twice you will understand that waiting for the trade setup to have more confirmations is much more important and much more beneficial .. it's always better to miss a trade (or half a trade like this case) than to lose a trade!.
#XAUUSD #FOREX #EURUSD #US30
There is a big chance that Gold will break down a bit and then move up again to grab liquidity before resuming back down.
The chart demonstrates the price action as I personally see it and have seen it live before.
Please wait for the candle to close below support (previously resistance) before you take action , and always remember it's a game of waiting.
You might be tempted to enter early and grab the biggest possible number of pips, but if you think twice you will understand that waiting for the trade setup to have more confirmations is much more important and much more beneficial .. it's always better to miss a trade (or half a trade like this case) than to lose a trade!.
#XAUUSD #FOREX #EURUSD #US30