charliehendrix

XAUUSD Below 1hr Trend Line *Short Idea*

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
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* Short Idea*

With the recent push to the previous resistance level of 1735, prices have begun to show rejection and trade below the 1 hr trendline towards the ending of the last trading week.
At today's opening, price continues to show rejection and fail to make a higher high, further confirmation of the bearish activity can be gathered by the wicks on the hourly candlesticks