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Apr 23, 2020 1:16 AM

XAU in Bearish Channel |23 April 2020  Short

Gold/U.S. DollarFXCM

Description

In the long term, there's a trendline pullback in forming, which indicates possible retracement. In the short term, we found a bearish channel and price is touching the upper band of the channel, indicating a good time to sell ! We use fibonacci retracement, graphcial levels to find our levels. A bit of fundamentals as well for the trade direction.

If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Hope you like the video!

Comment

Trade active

we are in the trade !
Comments
enfans10
Nice analysis ! I m shorting it too
FXCM
@enfans10, good luck !
nrmt2010
Thanks for nice analysis and explanation. Good Luck.
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