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UnknownUnicorn3740956

SELL XAU/USD

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
UnknownUnicorn3740956  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Technical Indicators Chart Patterns Trend Analysis XAUUSD xauusdshort xauusdanalysis xauusdsell xauusdidea xauusdforecast xauusdsetup xauusdtrade
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indicator chartpattern trendanalysis xauusd xauusdshort xauusdanalysis xauusdsell xauusdidea xauusdforecast xauusdsetup xauusdtrade
After looking at XAUUSD, I see a potential for it to retrace back down to 1794 levels, this is supported by the following points:
  • 5min Resistance that has formed
  • The candles have hit the resistance of the upwards channel and failing to break above it.
  • The Relative strength index of 30min Upwards is overbought, we have to go down now
If planning to take this trade Goodluck and keep a tight stop-loss just above the resistance
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