mohammadsomeaneshin

XAUUSD seems to stop uptrend and falls down

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
as you see the resistant line at the 6th March til 9th March stopped the uptrend from raising up, it shows that its a real resistant line.
so if you pay attention at the channel, the higher highs went upper than the previous higher highs, until the last high.
it shows that the trend slope is getting lower and it may stop the uptrend and changes the direction to neutral or down trend soon.
all of the technical analysis are my idea and not for others investments.

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