Look carefully to the volume profile, the major range area of XAU is now between 1192 to 1207. 1192 was tested once as resistance but failed that time. However, it still cant break though 1207 trap that time. And now it comes drop back under the area and test again the resistance AGAIN, it provides a relatively good entry for selling! Worth to get a short once XAUUSD turns down.
Komentar:
Now the top of the range area will be the support, we look for buy if any bounce back on that level.