Confluences :
- Price broke out of bearish channel
- Price broke out of key resistance area
- Price is still over the 4hour 50EMA
- Previous market resistance now turned support sitting on one of my golden fib zones
- Will wait on a pullback to zone and look for candle confirmation before taking this trade.
XAUUSD Sell
- Price respecting the trendline
- Clear bearish channel
- Price broke and retested with rejection a key support level, now turned resistance
- Resistance level also sitting nicely on a key psychological Fibonacci zone
