Elemont

GOLD (XAUUSD) SELL SETUP

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is looking like it will head down to test the 4th leg of its current flag pattern channel.
It has already broken one trendline, and we are looking for confirmation from breaking the second (dotted) trendline and MACD.

TP will be at the bottom of the channel if price breaks out.

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.