(30-min XAU/USD):
Strong bearish momentum recently with a steep drop.
Price is currently consolidating in a tight range — kind of a bearish flag or descending triangle pattern.
Wait for breakout the zone with volume or retest the trendline.
Volume spiked on the sell-off, and tapered off during this sideways movement — typical of a bearish continuation.
Strong bearish momentum recently with a steep drop.
Price is currently consolidating in a tight range — kind of a bearish flag or descending triangle pattern.
Wait for breakout the zone with volume or retest the trendline.
Volume spiked on the sell-off, and tapered off during this sideways movement — typical of a bearish continuation.
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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.