EWFAxel
Short

XauUsd, Short trade (daily channel)

FX:XAUUSD   Gold Spot / U.S. Dollar
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- Gold remains within the downtrend channel ,

- We dont have any reason to believe is a buy,
The 4h y 1h trend are down,

- My prefered path is the pair reaches the channel
and short it from there. (blue)

- 2nd option, it does a small pullback and from there
the downtrend resumes

Comments

Well, it didnt do the pull back to short it and went straight to the 1600 area..... at this moment is close to the support trend line of the channel, my best forecast right now is that from 1600 will bounce, and 3 waves back i will look forward to sell it.
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