Good day traders !!! On gold we are looking at a short setup because we got again into the descending channel again and it seems that we had some sort of fake breakout of the trend line. Also we just completed an "M" formation on the daylight timeframe and we retested the neckline and rejected it. We are looking for a short setup on the short term but be cautious with everything that is happening with the stock market because it has a big impact on commodities as well.
Now if you enjoyed this analysis like and share. If you have a different opinion comment below as I would love to have some more insights about this pair.
Trade safe !!1
Now if you enjoyed this analysis like and share. If you have a different opinion comment below as I would love to have some more insights about this pair.
Trade safe !!1
Trade closed: target reached
