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velmunis
Sep 14, 2020 5:58 PM

Gold has reached upper side trendlineΒ Short

GoldOANDA

Description

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XAUUSD-H1
Key points

πŸ“Due to the broad weakness of USD gold got some strength and moved up towards the upperside trendline

πŸ“At 1960.00 level we can see a rejected pinbar which is a clear sign of bearish trend as the buyers lacking the momentum

πŸ“At this level the volume is too low thus the bull is losing its strength

πŸ“ Though the fundamentals are supporting buy trend untill 2000.00. We can expect a minor correction towards 1945.00 which is a recent support level for the bull

πŸ“If the 1945.00 is broken then the double top formation is further confirmed and the next target would be 1921.00

Trade closed: stop reached

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Comments
Jack_Brown
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I think that 1915-1905 area will tested soon
Saeed966
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Good job
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