TheCryptagon

XAUUSD The Resistance is the catalyst for the direction.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold / XAUUSD continues to trade inside a Channel Down, consolidating near Resistance A (1937.50) after the recent Lower Low.

Every candle close under this Resistance is a sell call. Short and target Support at 1895.

Any 1day candle close over the Resistance is a trend change call. Long and target Resistance B and the 1day MA50 at 1955.

The RSI's Rectangle matches the Channel Down Highs and Lows. Use it for additional entries.

Previous chart:


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