XAUUSD - Sell Signal

OANDA:XAUUSD   Gold Spot / U.S. Dollar
We had a beautiful break of the up trend line with a retest and reject to the south.

USDOLLAR about to reverse from lows to highs, expecting this pair to fall lower. But first we wait for a good sell entry.

Support area has been broken and now acts as new resistance. Remember: Past support becomes future resistance, past resistance becomes future support.

Entry @ 1894.00

TP 1 @ 1853.00
TP 2 @ 1803.55

Good luck and let me know if there are any questions.

Charles V
CVFX Management
Comment: Sell entry hit.
Comment: Price retesting past resistance area.


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