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DCBFOREXTRADING

XAUUSD moves within the ascending channel

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
DCBFOREXTRADING  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Parallel Channel Support and Resistance
1
0
parallelchannel supportandresistance
XAUUSD moved within the ascending channel, which formed when the price touched the channel borders 6 times and has been valid since 23 April.


Current situation
The price is moving towards the lower border of the ascending channel.

Possible scenario
Analysts recommend opening a Sell order with a take profit near the lower channel border.
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