OANDA:XAUUSD   Gold Spot / U.S. Dollar
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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