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.
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
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.
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Note
15MIN signal
Note
long position details:Trade closed: target reached
the short term analysis hit the targetTrade closed: stop reached
about the analysisas you see I mentioned if the price goes upper than the gray area it becomes invalid and this happens and made analysis invalid
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