scottfraancis

XAU/USD (short idea) Will gold melt?!

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
- Currently looking like its forming a descending channel.
- Price has been in quite a strong downtrend for the past 2 weeks, will we see a further push lower from the 61.8% Fibonacci level or will price push higher before a drop???
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.