melikatrader94

xauusd continues to downward movement

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

hello guys...

it is a high probability that xauusd will form a three-drive pattern to the green area.

but besides this probability, this commodity broke down ascending channel and it will continue a bearish trend as well.

don't let divergence in the rsi indicator tricks you, it is so common if divergence happens 3-5 times!

two places that I show on the chart are so perfect for getting short positions until reach the green area!

for a higher time frame reference look at this analysis:
1
2
3

always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment



Trade closed: target reached

👉👉👉 my recommended broker: bit.ly/melika-HYCM

offer 100% bonus (the maximum is 100$)

________

🚀🚀My telegram channel:

🥇 t.me/melikatrader94
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.