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Anpu
Apr 1, 2020 12:36 PM

XAUUSD | Channel is Broken Update  Short

GoldOANDA

Description

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Two sell zones worked out and we broke the Channel's support level. Also the support turned into resistance and the price was already rejected by the one. We can continue shorting it.

In case price makes a retracement we can initiate a short position if there is a confirmed rejection of the Horizontal Resistance (previously Channel's support)

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.
Comments
VladimirRibakov
I agree, my view is bearish as well in the short term. Here is my analysis on Gold:
north01
completely wrong
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