XAUUSD Short Opportunity
Hello traders ! Do you like that gradient background ? (Tell me in a comment section) - I really love it ! đź‘Ś
Ok,let’s take a look at Gold. We can see a resistance rejection and a high bearish pressure in the ascending trendline channel. Did you spot it ? Yeah,you guessed it !
We can see very nice Bearish Flag pattern. How is that pattern traded ? Length of a bearish pressure BEFORE a trendline channel equals to a length of a bearish pressure AFTER a trendline channel. So this future possible move nicely fits with a support level which also fits with a -0.618 fibonacci level. We have really strong reasons to be short. We should wait how it will look like when the market reopens.
Ok,let’s take a look at Gold. We can see a resistance rejection and a high bearish pressure in the ascending trendline channel. Did you spot it ? Yeah,you guessed it !
We can see very nice Bearish Flag pattern. How is that pattern traded ? Length of a bearish pressure BEFORE a trendline channel equals to a length of a bearish pressure AFTER a trendline channel. So this future possible move nicely fits with a support level which also fits with a -0.618 fibonacci level. We have really strong reasons to be short. We should wait how it will look like when the market reopens.
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.
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.