Reason For Bearish
1.Bearish Engulfing Formed
2.Breaked 2012 and waiting for retest 2012
3. Approaching Next Support @ 1980
Reason For Bullish
1.Obey Strong Support @ 1980
2. Obey Golden Ratio 0.631 Fibonacci retracement
Overall Possible Outcomes
XAUUSD SELL@ 2010-15
SL 2022
TP1 1980
XAUUSD BUY @ 1980
SL 1960
TP1 2000
TP 2 2020
1.Bearish Engulfing Formed
2.Breaked 2012 and waiting for retest 2012
3. Approaching Next Support @ 1980
Reason For Bullish
1.Obey Strong Support @ 1980
2. Obey Golden Ratio 0.631 Fibonacci retracement
Overall Possible Outcomes
XAUUSD SELL@ 2010-15
SL 2022
TP1 1980
XAUUSD BUY @ 1980
SL 1960
TP1 2000
TP 2 2020