scottfraancis
Short

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

FX:XAUUSD   Gold Spot / U.S. Dollar
289 views
8
289 0
-Price has formed a descending channel with 2 touches to the lower trendline and 2 to the upper.
will we see a further drop to the downside from the 61.8% Fibonacci level or will it break and start climbing again???

-My bias is still short due to the strong down trend recently, however if we do see a clear break & retest I may reconsider.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out