XAUUSD Short Opportunity
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Ok,let’s take a look at Gold. We can see a resistance rejection and a high bearish pressure in the ascending trendline channel. Did you spot it ? Yeah,you guessed it !
We can see very nice Bearish Flag pattern. How is that pattern traded ? Length of a bearish pressure BEFORE a trendline channel equals to a length of a bearish pressure AFTER a trendline channel. So this future possible move nicely fits with a support level which also fits with a -0.618 fibonacci level. We have really strong reasons to be short. We should wait how it will look like when the market reopens.
Ok,let’s take a look at Gold. We can see a resistance rejection and a high bearish pressure in the ascending trendline channel. Did you spot it ? Yeah,you guessed it !
We can see very nice Bearish Flag pattern. How is that pattern traded ? Length of a bearish pressure BEFORE a trendline channel equals to a length of a bearish pressure AFTER a trendline channel. So this future possible move nicely fits with a support level which also fits with a -0.618 fibonacci level. We have really strong reasons to be short. We should wait how it will look like when the market reopens.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.