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billclintonjohn
May 24, 2021 7:00 AM

XAUUSD Short term Sell Short

GoldOANDA

Description

On Day timeframe gold is looking for short term correction before continuing with its upside movement. The retracement may go to 1874.29 price level to complete a third touch of the ascending triangle pattern so as to continue with the Uptrend after a break and retest of the current support zone. Meanwhile, on the 15 mins tf it has confirmed a break of a neckline (on a double top reversal pattern) and retested for the first touch as evidence and confirmation on sell at 5min tf for a short term. Fundamentally Gold is still on upside favour.
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