XAUUSD triple confluence break and retest

Currently, we have three TAs supporting the idea of holding short positions:

1- Rising trend channel support break and retest
2- H4 cloud break and retest
3- Demand zone break and retest
4- Diverging RSI is a further evidence of a possible big move down!

All of these confluences happening between the range 45-55!

PA suggests that we hold short till price breaks out of 51-55, Best of luck and happy trading!

Comment:

We are stuck at minor supporting zone for now breaking here we should see our target region

Trade closed: target reached:

Thank God we hit our target, closing trades and taking profit now :-) stay tuned for new update and a new idea about XAUUSD!

Play the chart to confirm!