XAUUSD The Resistance is the catalyst for the direction.
Gold / XAUUSD continues to trade inside a Channel Down, consolidating near Resistance A (1937.50) after the recent Lower Low.
Every candle close under this Resistance is a sell call. Short and target Support at 1895.
Any 1day candle close over the Resistance is a trend change call. Long and target Resistance B and the 1day MA50 at 1955.
The RSI's Rectangle matches the Channel Down Highs and Lows. Use it for additional entries.
Previous chart:
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Every candle close under this Resistance is a sell call. Short and target Support at 1895.
Any 1day candle close over the Resistance is a trend change call. Long and target Resistance B and the 1day MA50 at 1955.
The RSI's Rectangle matches the Channel Down Highs and Lows. Use it for additional entries.
Previous chart:
Follow us, like the idea and leave a comment below!!
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