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Singkat

XAUUSD | Descending Channel

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Price retraced of the Higher Boundary of a Descending Channel and crossed the Mid Line to downward. Currently the Mid Line serves as a resistance and if we have a confirmed rejection we can initiate a short position

Also if price cross the Mid Line to upward we can initiate a short position of the Higher Boundary of a Descending Channel, i case we have a confirmed rejection

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.

Penafian

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