GOLD → still bearish

Updated
hello guys...

as you can see, xauusd is in the descending channel and break out the middle line of the channel and head and shoulders pattern at the same time!

so it is so possible that this one continues a downward movement from here or after a correction.

it shouldn't go upper than the gray area, if this happens then this analysis becomes invalid.

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Note
snapshot

15MIN signal
Note
long position details:

snapshot
Trade closed: target reached
the short term analysis hit the target
Trade closed: stop reached
about the analysis

as you see I mentioned if the price goes upper than the gray area it becomes invalid and this happens and made analysis invalid
Beyond Technical AnalysisChart PatternscommodityGoldTrend AnalysisXAUUSD

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