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MII1502

XAUUSD Pirce broke out of the channel up to the downside.

Short
Or / Dollar Américain (OANDA:XAUUSD)  
MII1502 Mis à jour   
OANDA:XAUUSD   Or / Dollar Américain
Trend Analysis Parallel Channel breakout
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trendanalysis parallelchannel breakout
From identifying the Zone (Rectangle) to be a key area, we have seen a channel up trading above the support area and a successful break below which approached the support zone. From studying this chart we are expecting the price to retest the trendline currently acting as resistance with spinning top and a strong bearish candle or a Bearish Engulfing at the trend-line resistance area. hopefully if we can see such, it confirms the probability of selling.
Commentaire:
Gold has been playing as expected by retesting the trend-line channel bottom acting as RESISTANCE with rejections, anticipating more sell off to break below key Support with a retest and a continuation.
Commentaire:
Gold playing out as expected.. we need more momentum from Sellers....
Ordre annulé:
Idea was invalidated.
Clause de non-responsabilité

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