KVE

XAU/USD: Gold in down channel, breakout or to the trendline...

FX:XAUUSD   Gold / U.S. Dollar
241 0 5
Possible downward continuation to the up trendline . Currently up but possible resistance around 1280-1284 and the upper boundary of the channel from where a short can be taken with SL tight above trendline for a nice short trade with good R/R.

We could however be looking at a possible wedge also in which case it could break the down channel to the upside..., after a confirmed break i will therefor be looking for a small buy setup to a fib or to the former high...

Choose wisely and wait for confirmation on this one!
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out