$XAUUSD / GOLD Swing Short
Updated
swinging gold short I've labeled everything on the chart i am in the trade now, two days of very bearish candles right on strong resistance/ Fib line. i expect it to drop to the next Fib line/green trend line then retrace slightly i may add to my positions here. then down to the Final TP is market conditions are good. MACD crossover indicates Bearish momentum. a break of the resistance zone would be bullish. Gold is in a long term down trend and is very close to the top of the bearish channel.
Note
Random Spike in Gold overnight i believe due to the USA/Russia/Syria conflict no one could have seen that coming, still short diddnt beat the bearish long term trend and MACD crossover is still valid
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.