CFDs on Gold (US$ / OZ)
Short
Updated

XAUUSD falls > 3% since the previous trading week!

50


On the H1, XAUUSD formed a rising channel pattern, while the 100-MA gives additional resistance for the asset, forcing it to decline toward the lower border.
The Momentum crosses the 100-mark, suggesting further decline!

#TradeIdea

Sell #XAUUSD only on consolidation below 3325;
Target: 3300;
Trade active

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