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Theperfectionist

Midterm Analysis - How Gold will react to the ending Trade War

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Theperfectionist Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns Gold Metals preciousmetals mining SELL Bearish Patterns USD
11
0
trendanalysis harmonicpatterns chartpattern gold metals preciousmetals mining sell bearish usd
Reasons of selling XAUUSD:

- Consolidation range with a higher bearish pressure.
- War alleviation with will transfert back funds into the stock market.
- Institutional and Demand Level coinciding.
Comment:
Little bounce back at the lower level of the consolidation phase. The bearish pressure is still present.
Trade closed: stop reached
Comment:
Gold bounced at the lower consolidation level.

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Theperfectionist
Midterm view on Gold - TECHNICAL ANALYSIS ONLY
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