XAUUSD short - Still in the Correction, Top Down
Welcome to a new Update
Monthly:
Has made new high and since them it is in a correction. Still in a bullish environment and we can expect the bullish continuation after the correction. Target is Fib Level 0.618 from the monthly impulse
Weekly:
is in the bullish flag / correction move. Still in this downtrend Channel.
Daily:
Bearish environment. Impulsive to the downside.
We should wait for the price to retrace till the previous level of support which is now Resistance and to enter from there into a nice short to rock Gold to the Downside
Lower Timeframes:
Watching here Price Action at the Resistance Level is super important to get a nice short entry.
What do you think of this Analysis? Share your opinion of this pair below.
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Monthly:
Has made new high and since them it is in a correction. Still in a bullish environment and we can expect the bullish continuation after the correction. Target is Fib Level 0.618 from the monthly impulse
Weekly:
is in the bullish flag / correction move. Still in this downtrend Channel.
Daily:
Bearish environment. Impulsive to the downside.
We should wait for the price to retrace till the previous level of support which is now Resistance and to enter from there into a nice short to rock Gold to the Downside
Lower Timeframes:
Watching here Price Action at the Resistance Level is super important to get a nice short entry.
What do you think of this Analysis? Share your opinion of this pair below.
To support the creation of more please leave a LIKE
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