XAU/USD - The Bigger Picture
Interesting setup on the weekly chart for XAU/USD with a long-term short, as you can see price is trading inside what appears to be a falling wedge or descending channel... And it has just bounced off the 200 EMA at $1258.
I'm currently short on this pair around $1248 after price formed a valid bearish 5-0 pattern (chart shown below).
Please feel free to leave your opinion below.
I'm currently short on this pair around $1248 after price formed a valid bearish 5-0 pattern (chart shown below).
Please feel free to leave your opinion below.
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