- August 2, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
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Pattern: Rectangle on 4H.
Signal: Scalping as long as the Resistance and Support zones break. (A) Buy if the Resistance breaks, (B) Sell if the Support breaks.
Target: (A) 1870 (just below the 2.0 Fibonacci extension), (B) 1760 (just above the 1750 1D Support).
Tradingview link:
https://www.tradingview.com/chart/XAUUSD/FE4dVAoe-XAUUSD-Sideways-until-one-of-those-lines-breaks