Xauusd sell
Updated
Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal.
Gold confirm signal
Gold now sell 2629
Target 2580
From a technical perspective, the recent recovery from a one-month low, along an ascending channel, constitutes the formation of a bearish flag pattern on hourly charts. Moreover, oscillators on the daily chart remain in negative territory, suggesting that the path of least resistance for the Gold price is downward. That said, it will still be prudent to wait for a convincing break below the channel support, currently pegged around the $2,605-$2,600 area, before positioning for any further depreciating move.
Xauusd sell signal
Gold confirm signal
Gold now sell 2629
Target 2580
From a technical perspective, the recent recovery from a one-month low, along an ascending channel, constitutes the formation of a bearish flag pattern on hourly charts. Moreover, oscillators on the daily chart remain in negative territory, suggesting that the path of least resistance for the Gold price is downward. That said, it will still be prudent to wait for a convincing break below the channel support, currently pegged around the $2,605-$2,600 area, before positioning for any further depreciating move.
Xauusd sell signal
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Gold sell 20 pips running
Confirm sell sell signal
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Gold sell 40 pips running Note
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Confirm signal Note
Gold sell 50 pips done 👍Note
Gold sell 60 pips done Note
Gold sell 70 pips running Note
Gold sell 80 pips running Note
Hold sell confirm signal Note
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Gold sell 90 pips running Note
Gold sell 100 pips done 👍Note
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Gold sell 110 pips running Note
Gold sell 120 pips running Note
Gold sell 130 pips running Note
Gold sell 140 pips running Note
Gold sell 170 pips done Note
Gold sell 30 pips done 👍
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