AhteerS

XAUUSD : Channel rejection : Short idea

Short
AhteerS Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price rejected from the channel line and 200 MA on 1 hour timeframe. We can see bearish divergences forming on Volume and RSI. If the trend continues with similar volume we could see gold touch trend line resistance at 1980-1979 USD and expect a slight rebound.
Trade closed: target reached
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