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XAUUSD Short Opportunity

26
Hello traders ! Do you like that gradient background ? (Tell me in a comment section) - I really love it ! đź‘Ś

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.

Penafian

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