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Gold Spot / U.S. Dollar
Updated

XAUUSD (GOLD)

223
Watch for a break of channel bottom for long term potential shorts! or a bounce up towards monthly resistance. Price is at a decision point right now & will have to choose a direction soon
Note
snapshot price broke below its very strong channel, we should see a very big drop for gold ahead of us
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snapshot looking for a Clean break of the 61.8 fib to go short for a big drop!
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snapshot In route
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snapshot 100 pips on Gold already, price is now finding an area of support, watching for a break & close below for re entry
Profound_Ambition
bouncebreakGoldParallel ChannelreversalSupply ZoneSupport and ResistanceTrend AnalysisTrend LinesDJ FXCM IndexXAUUSD

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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.
bouncebreakGoldParallel ChannelreversalSupply ZoneSupport and ResistanceTrend AnalysisTrend LinesDJ FXCM IndexXAUUSD
Profound_Ambition

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.