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TradingShot
Feb 21, 2019 7:59 AM

XAUUSD Sell Signal. Pull back and possible monthly consolidation Short

Gold/U.S. DollarFXCM

Description

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.
Comments
MarketMakerTraders
Liked!~
TradingShot
@MarketMakerTraders, Thank you! It is looking very promising at the moment.
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