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Monday, July 19, 2021

XAUUSD | IS USUALLY A BUY, BUT CAN WE SELL? - FOREX TRADING LION

XAUUSD | IS USUALLY A BUY, BUT CAN WE SELL? - FOREX TRADING LION

Hello Traders,


So recently we had a bearish engulfing cnadle on the daily timeframe bouncing off the 25-50 moving averages now, we are currently on a pullback on the 4 hourly timeframe, but I would only buy this trade if it would break all 3 moving average lines, if we would get a confirmation off a bearish engulfing candle on the lower timeframes, it could be a nice trade short.



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