XAUUSD is in corrective mode, looking to short at upper channel

XAUUSD is in corrective mode, looking to short at upper channel

XAUUSD is in corrective mode, looking to short at upper channel

Gold has been pushing down from its highs at around $1,560. xx USD/oz to the current lows at $1,459.17 USD/oz, and now it is heading upward to the near resistance zone at $1,505.xx-$1,507. xx (61.8% fibs retracement). From there, I expect there will be slowing with upward momentum. So if these price levels would be denied, then $ 1,450. xx USD/oz is expected for.

Keep watching the price action and short at the right time to the right price.
Trade well!

Tradingscenes team


XAUUSD is in corrective mode, looking to short at up channel by NamMinh on TradingView.com

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Forex, stocks, commodities Trader & Markets Analyst. Makkaba Co., Ltd. ST&C

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