XAUUSD short trade
Updated
1. Break of support.
2. Retracement to breakdown level, confirming old support = new resistance.
3. Continuation of primary (down)trend.
2. Retracement to breakdown level, confirming old support = new resistance.
3. Continuation of primary (down)trend.
Note
Bears: price still in a downtrend + death cross (50/200MA) on June 19.Bulls: bullish engulfing pattern (daily chart), price bouncing off uptrend line support (weekly chart)
...interesting week ahead ! Follow the price action !
Charts Avenue
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