XAUUSD GOLD - Pending Setup - Short
Trade what we see:
Gold has formed a lovely bearish channel with lower lows and lower highs.
We currently are approaching another swing high and a fib retracement, and once we have bearish confirmation, this pair offers a nice risk reward.
Take profit at a S/D zone.
Gold has formed a lovely bearish channel with lower lows and lower highs.
We currently are approaching another swing high and a fib retracement, and once we have bearish confirmation, this pair offers a nice risk reward.
Take profit at a S/D zone.
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.