THIS PLAN IS BASED ON THE DAILY CHART, HOWEVER PRICE HAS PRINTED A LOWER LOW ON THE HOURLY CHART. A PULL BACK TO PREVIOUS SUPPORT TURNED RESISTANCE WILL BE AN AREA OF INTEREST FOR BEARS.

XAUUSD DAILY

XAUUSD H1

XAUUSD DAILY POST TRADE PLAN

THIS PLAN WORKED OUT. PRICE AND MARKET IS IN A BEARISH TREND WITH SUPPORT @ MM1. I EXPECT A PULLBACK TO RESISTANCE AFTER PRICE HITS THE ABOVE MENTIONED SUPPORT BEFORE PRICE CAN CONTINUE TO EXTEND ITS BEARISH MOVE.

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