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

Gold/U.S. DollarFXCM

Description

⋅ Apr 9, 2019 10:31 PM

- 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???

Trend Analysis