melikatrader94

Gold → bottom line reject the price

OANDA:XAUUSD   Gold Spot / U.S. Dollar
hello guys...

as you can see in the details, XAUUSD made an ascending channel, and the bottom line contrary to my imagination rejected the price!

the price started an upward movement to reach the descending channel perfectly!

I think the touching between the order block and the trendline is perfect for getting a short position until the blue area.

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Comment:
it was the previous analysis about gold:


the blue area still is valid!

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