XAUDUSD Short - Note the massive weekly wick from last week
The whole world seems to long Gold now. However, note the following for reasons to be short.
# Price hasn't closed above 1700 on a weekly closing basis yet.
# A massive weekly bearish pinbar formed last week.
# Price is at the border of the ascending channel.
Watching Price Action closely for a short setup.
# Price hasn't closed above 1700 on a weekly closing basis yet.
# A massive weekly bearish pinbar formed last week.
# Price is at the border of the ascending channel.
Watching Price Action closely for a short setup.
Note
A clearer view on Daily.Note
Gold Short playing out nicely so far
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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.