spesfinancial
Short

GOLD Possible short setup

FX:XAUUSD   Gold/U.S. Dollar
89 0 1
Gold             has a very weak day candle under the short-term support, which has been tested several times and now has become resistance. Now the price is retesting this resistance. If price could stay behind thie resistance zone, I will wait for a weak candle to test levels around yesterday's low based on the downside trendline, then look for short opportunity after a consolidation. There may be a channel support as shown on the chart, so try to protect the short position when price reaches this lower edge of the channel.

Silver             has a similar pattern, maybe better.
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