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MatrixManny
May 24, 2019 12:43 AM

XAUUSD Trend Analysis May 23/2019 8:40 pm  

GoldOANDA

Description

Here we have all indicators pointing towards a downtrend

Bollanger Bands,

Stochasic - over bought
RSI- over bought
PRZ - confirmed
Pull Back Confirmed
trend lines confirmed

two outcomes after the huge pull back it may bounce off the resistance and continue back in the downtrend or it may break the resistance come back in the circle if it does not turn back in the circle a new uptrend has begun
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