Greetings Traders,i have analysed Xau/Dollar and have found out that it would be a sell.
We can see on the chart that at all time high is a massive area of ressistance.Wich is very difficult for the price to breaktrough.We can also use it to exit long positions.
Even for a the small breakout to the bottom line trought the channel.Also we can see that XAU/DOLLAR has established a weakness and the downtrend will also continue.
Dear traders please,like and leave a comment.
Thank you!
We can see on the chart that at all time high is a massive area of ressistance.Wich is very difficult for the price to breaktrough.We can also use it to exit long positions.
Even for a the small breakout to the bottom line trought the channel.Also we can see that XAU/DOLLAR has established a weakness and the downtrend will also continue.
Dear traders please,like and leave a comment.
Thank you!