XAU/USD Playing The Probability Short

Gold/U.S. DollarFXCM

Description

⋅ Sep 26, 2016 3:32 AM

Chart: Daily Time Frame
Market: Bullish

1. Incomplete Bullish Flag chart pattern
2. Price rejecting key weekly/daily resistance @ 1340
3. Spinning tops candlestick pattern rejects resistance level @ 1340
4. Downward sloping trendline acting as resistance (price rejects trendline)

Note: I'm short term bearish on this pair, but long term (monthly chart) I'm still bullish.
Awaiting bullish evidence around 1320 or trendline support (blue dotted line) before going long.