traderpulse

GOLD Technical analysis

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The bullion metal is an ascending channel formation in the 4-hour chart.
It faced rejection at the resistive trendline and formed three back to back bearish candles.
Hence we expect the counter to remain bearish and the pair to recede to the supportive trendline.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.