XAUUSD (Gold): In downward channel
Seeing a downward channel so expecting further bearish bias from here.
Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday.
We're posting HH and HL formation and expect this to continue through this week.
Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday.
We're posting HH and HL formation and expect this to continue through this week.
Trade active
Note
So far so good, we got the second rejection off the descending trendlineTrade closed: stop reached
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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.