XAUUSD:still inside a descending channel before a big move

Traders:

Gold has already test the neckline for us so far.

And made a clear channel right there and ready to drop down to 1165-1160 support area.

We have entered at 1191 last week and hold it till now.

Ready to enter another short trade again at 1186 till 1170 first.


Less is more!

Comment:

1291 not 1191
sorry. typing mistake.

Trade closed: target reached:

tp1 hit 1265 hit .

Comment:

hold it to see if 1260 can be hit.

Comment:

Trade active:

short again.

Comment:

short again.

Comment:

the second short trade till 1240

Comment:

and the first short trade entered at 1291 , still holding it .
the second short trade entered at 1275, still holding it too .

Comment:

$30 for the first trade now,
$15 for the second trade now.

Comment:

$30 for the 1st trade now ,
$15 for the 2nd trade now.

Comment:

Comment:

Comment:

1243-1250 support zone.

Trade closed: target reached:

1259

Comment:

Comment:

Gold is now pulling back to b .

Once B is confirmed, short trade enter again.