Hi traders:
I am also closely monitoring XAUUSD for sell setups down to the recent lows.
We see the overall price is in this channel structure, forming a large correction.
The latest price action is correcting itself up toward the double tops, good signs of a bear momentum could come in.
I will be looking for sell entries either from the top of the structure, or a breakout and continuation correction to at least the recent lows
Thank you
I am also closely monitoring XAUUSD for sell setups down to the recent lows.
We see the overall price is in this channel structure, forming a large correction.
The latest price action is correcting itself up toward the double tops, good signs of a bear momentum could come in.
I will be looking for sell entries either from the top of the structure, or a breakout and continuation correction to at least the recent lows
Thank you
Note
Price hit the top of structure, and a strong bearish move down. Look for continuation for short .
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Related publications
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.