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drlehne
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The BIG FAT SHORT ->1295->1275->1200->1170->1130->1050
XAUUSD
, 240 Short
XAUUSD: The BIG FAT SHORT ->1295->1275->1200->1170->1130->1050

We are right at the 6-year-old-long-term-Downtrendline (log-scale) and tried to break it; First it fail, yesterday the retest, and it failed again with a lower High (montly close); Now we have reasons: PATTERNS for the Trendchange (look at smaller timeframes and zoomed charts below the idea) STRONG RESISTANCE (between 1320-1330 as it is yearly high,...

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