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Apr 1, 2024 8:58 PM

XAUUSD Short term sell signal. Short

GOLD / U.S. DOLLARICE

Description

Gold is trading inside a Channel Up, making today a new Higher High.
This is a sell signal, as long as the price doesn't break higher.
The minimum decline/ Bearish Leg inside this pattern has been -2.30%.

Trading Plan:
1. Sell on the current market price.

Targets:
1. 2215 (-2.30% from the top).

Tips:
1. The RSI (4h) crossed under the MA trendline. This has been the strongest sell signal on the previous two Higher Highs.

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