Gold Spot / U.S. Dollar
Long
Aktualisiert

sellers weakness

329
Hello everyone
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XAUUSD:
weakness of sellers in XAUUSD chart (gold) is obvious.
sellers should be careful at this stage as on the 1h time-frame, the price is printing a ending channel.
Also we see that ending channel forming a W5 and I think a minimum corrective upside movement from one of those zone that shown in chart is possible.
Anmerkung
the price reacted well to the first zone that coincide with reaction to the lower line of parallel channel as the bullish ending channel.
I am waiting for channel breaks upside for buying.
Snapshot

Haftungsausschluss

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