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rubal_ahuja

Trendline breach in XAUUSD

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
rubal_ahuja  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns goldidea Gold XAUUSD shortxau Trend Line Break
6
0
trendanalysis chartpattern goldidea gold xauusd shortxau trendlinebreak
XAUUSD gave a daily closing below an ascending trendline prevailing since July. Apparently, it's bearish signal providing a sell opportunity in the pair. Additionally, it has a pierced a major support at 1480, suggesting a pullback in gold. So, sell trade can be placed.

Sell: Below 1471
Target : 1418.67
Stop Loss: 1485.92
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