XAUUSD (Gold): In downward channel

Seeing a downward channel so expecting further bearish bias from here.

Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday.

We're posting HH and HL formation and expect this to continue through this week.

Trade ist aktiv

Kommentar:

So far so good, we got the second rejection off the descending trendline

Trade geschlossen: Stop wurde erreicht