It is highly possible to be a breakout failure , best decision is to wait couple of days to see what is going to happen then take the right action. in my opinion short is more likely to happen .
After breaking a strong area gold needs a pullback to broken area about 1834 then continue toward 1905, and also it might be 5 wave of it.
there is a strong Fibo area and bullback to broken bearish guard , i will stand to see any bullish power to enter @ that area
Gold totally is bearish; but for now we can Buy after seeing a bullish sign to tp1 :1805 and tp2: 1810 and tp3 : 1830 then it would be bearish for long targets. always have a look on US dollar index
Hi traders XAUUSD is totally in bearish trend in daily time frame. it has just touched the top of flag and a good short position for me.
A bearish trend is about to start in gbpcad after breaking uptrend guard
The price will not go down beyond support area, we consider it as stop loss and then short will come out, but now it is absolute long up to channel highs and meet previous HH