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Mihai_Iacob

Gold- Bears needs confirmation

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Mihai_Iacob  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Gold goldtrading goldidea goldanalysis XAUUSD xauusdanalysis xauusdupdates xauusdshort xauusdsignal
36
19
trendanalysis chartpattern indicator gold goldtrading goldidea goldanalysis xauusd xauusdanalysis xauusdupdates xauusdshort xauusdsignal
Gold is trading in a corrective ascending channel and 1725 is confluence support at this point
My outlook for XauUsd remains bearish and a break under this support would bring further confirmation and could lead to a dive under 1700
1760 is now resistance and a break above would delay this strongly bearish scenario
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