XAUUSD (18-06-2018 until 22-06-2018)

Did some mistake and didn't follow my trading rules for the last two weeks for Gold trade. Loss some amount of money and never re-enter the market due to fear. I will like to polish my technical analysis for now. There is no shortcut for anything. You will need to train yourself be better and learn as a group. Here is this week analysis.

Monthly Chart:

The price of the gold is still within the triangle and is coming down last Friday after consolidating for some time.

Weekly Chart:

From weekly chart, the price of the gold is moving down and it is normal for overall consolidation within a triangle.
For now, the price seems to have hit its weekly short term upwards trend line. See this week if there is any price action consolidate and moving up. Otherwise, the overall sentiment is going downward within the larger triangle.

Daily Chart:

This daily chart has broken the resistance as false alarm and then later broken the support and moving downwards.
The price action is almost hit the daily upwards trend line.

4-Hours Chart:

Looking at the 4-hours chart, there are some rebound of the price after hitting the trend line.

1-Hour Chart:
The price in the 1 hour chart is touching the trend line and supported by the trend line.

15-min Chart:
Short term rebound is expected to happen. If it happen to break the trend line with solid candle, then it will go down more to hit the larger triangle trend line.

Lets observe.