Faibik

XAU/USD (GOLD) | Descending Channel..!!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAU/USD ( GOLD )

Forming Descending Channel in Daily Timeframe Chart & inside the Channel Descending Triangle as well.

Now Facing DAILY EMA100 as a Resistance..& Descending Triangle Resistance as well..

If Broke it then Expecting Big Bounce Towards the Main Channel's Resistance..

If Failed to Break the EMA100 then it Could Test Tiny Support..(Mentioned in Chart)



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The descending triangle in most cases breaks down. And here this descending triangle is broken up.
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Faibik SpartaBTC
@SpartaBTC, Yeah, Basically It's Bearish Sign
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You were right
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Faibik SpartaBTC
@SpartaBTC, Thanks For Support
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Good idea, keep going!
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Faibik TrendFather
@TrendFather thanks dude
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Faibik TrendFather
@TrendFather what Are You views About Gold Future Price ??
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@Faibik, Right now, I am doing cryptocurrency analytics.
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@Faibik, But in general I think gold will grow.
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Faibik TrendFather
@TrendFather Thinking Same
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