mdu_dh

Possible short on Gold

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trading the channel and mini consolidation, we have a possible short now at the level of consolidation, If it breaks above the consolidation, then we'll be looking to retest the trendline and then fall all the way down to the first TP and then wait for it to break below the consolidation to go all the way down to the downside of the channel; If it fails to break it, then we'd be buying to the top of the consolidation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.