tupaitrader

XAUUSD rejection on upper triangle

FX:XAUUSD   Gold Spot / U.S. Dollar
MY elliot wave and price action analysis shows that the price are rejecting the upper triangle trend line .the relative candlestick show that the buyer are weakened.and the sellers are put some pressure on the price to go down.

the overbought and oversold condition also tell that the price is already in overbought condition that the price will make are reversal or can make a correction.if the price break the upper trendline , the price will go higher.

let's find the opportunity to go short or go long at the 1140.00 area.

good luck!!
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