XAUUSD May 19, 2021
After a strong fakeout of Daily Channel we may see market return to Channel and form a bearish sentiment. Strong reversal pattern (evening star pattern) forming on the daily timeframe currently. Therefore, it is likely that market will return to Daily Channel, retrace then continue bearish momentum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.