Bearish possibilities with XAU/USD Short

GoldOANDA

Description

⋅ Mar 24, 2021 6:02 AM

Price has broken out the rising wedge formation in an impulsive manner and is currently retesting. A strong rejection is needed before entering for sells.

Trend Analysis Chart Patterns

Comments

HysonFx

⋅ Mar 24, 2021 6:16 AM

Do you see the wedge it's forming?

kartier

⋅ Mar 24, 2021 6:21 AM

@HysonFx, I am aware, thats why i said if prices show clear rejection.

HysonFx

⋅ Mar 24, 2021 6:25 AM

@kartier, Fs I Just wanted to point that out, I didn't mean the first wedge, I meant the second one its forming

kartier

⋅ Mar 24, 2021 6:29 AM

@HysonFx, lets wait and see what happens.

kartier

⋅ Mar 24, 2021 6:26 AM

@kartier, Dont forget to check the correlating pairs, usdjpy could be bullish very soon and silver could could continue its downtrend.