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XAUUSD: Downtrend Channel - Potential Short Opportunity
XAUUSD
, 120
Short
XAUUSD: XAUUSD: Downtrend Channel - Potential Short Opportunity

XAUUSD is currently trading within a well-defined descending channel on the 2-hour timeframe. Price action has been respecting the upper and lower trendlines, suggesting a continuation of the downtrend. Given the overall downtrend, I'm seeing a potential short opportunity. Entry: Look for a SELL signal near the upper trendline of the channel or within one of the...

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