TradingShot
Short

XAUUSD Sell Signal. Pull back and possible monthly consolidation

FX:XAUUSD   Gold Spot / U.S. Dollar
Pattern: 1D Channel Up.

Signal: Bearish .

Target: 1310.


The price is getting closer to the 1M Resistance at 1365. Last time this level was tested, Gold consolidated inside 1300 - 1365 for 3 months. See how perfectly the Fibonacci levels (on yesterday's top) align with the horizontal price action and the Higher Lows of the 1D Channel Up.
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TradingShot MarketMakerTraders
@MarketMakerTraders, Thank you! It is looking very promising at the moment.
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