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KingOfWave

XAUUSD Update Oct 24 2019: Reached Channel Top Line

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
KingOfWave Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis
5
0
trendanalysis
Gold has reached the top line of the yellow channel. It seems that double top will be confirmed on 1h chart, and 1502 break is a fakeout.
It's possible that Gold will down to 1490 then up again.

First support, 1496.88 - 1497.3
Comment:
Gold bounced from 0.236 1499. It looks like a strong bull trend.
Short is risky now.
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