GOLD XAUUSD Signal By Trading Twist
Sell Limit Order: $2,682
SL: $2,705
TP1: $2,569
Gold XAUUSD Chart Technical Outlook has posted mixed trading results for the last 8 sessions. The daily chart highlights spikes in both directions. We look for this volatility to continue.
From a technical perspective, the intraday chart highlights the completion of a bearish Bat formation at $2,685. We have a relevant change of character (ChoCH) from November 22 at $2,684. Bespoke resistance is located at $2,682.
With the medium-term swing support not seen until $2,569, selling into rallies offers reasonable risk-reward. The stop loss is placed just above the 261.8% extension level.
This trade plan is valid until the close of December 13
