XAUUSD SHORT ANALYSIS
Updated
A BREAK OF THE BULLISH TREND LINE would suggest a heavy dip on gold towards the 61.8% - 50.0% FIB region (PULLBACK TRADE)
Note
There was no break of the bullish trend line hence no SELL position was executed.Price has broken above the resistance thus all Bearish signals are considered invalid for now as the trend is still Bullish.
NEXT STOP 1800.00
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.