neilsakaria

Confusion or Big Move ??

Short
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Gold Back at 200 Days Ema Support in a downtrend Channel but seems to be making a W pattern what you guys think will it sustain and reverse or fall hardly ? Personally seems to be Bearish seeing the positive macro data in the U.s and no longer fear of Recession
Comment:
Breached 200 Days Ema Gold would likely be in a downtrend or sideways consolidation avoid Longs
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.