XAU/USD 20.09.2023 short

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XAUUSD

Hello traders,

For today, I'm expecting a move up to around 1943 during the London session. However, over the New York session, I anticipate a drop down to 1928, possibly even 1924. My entry point would be at 1934, which is a resistance area that aligns with the 68% Fibonacci level. Additionally, this setup could form a nice head and shoulders pattern, providing further confluence.

Considering the strong bullish sentiment of the Dollar at the moment, I would not recommend a long position in gold. As always, it's crucial to stay informed about news events, as they can quickly impact market dynamics and lead to new highs or lows. Keep a close watch on both technical and fundamental factors for informed trading decisions.
Uwaga
Wait after news, maybe we can get with the news up there and then short it! Would be a realy nice trade!
Uwaga
I've my sell limit at 1934.20 sl over 78%fib level and tp at 1924. If we got taken in before news I hope I can set sl at break even
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Let's make some money! Before news sl will be moved!
Uwaga
Dxy must stay over 105.000 that would be perfectly for our sell trade
Uwaga
30pips, the volume was crazy up there
Uwaga
Entered another position
Transakcja zakończona: osiągnięto poziom stop
Wasn't ready for this 100pip move....
Chart PatternsFibonacciGoldhead_and_shouldershortTrend Analysis

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