kianisaei

trading range. still short

Short
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
As you can see the trend turned into a trading range inside a horizontal channel . I'd rather use 30 min chart. What I see inside the channel is that bulls do not have the enough power to have a new HH and we have strong bear bars closing on their lows .so I think still bears are in power. my first target is the prior double bottom. Still holding. GOOD LUCK

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