XAUUSD Short Trade Setup
The XAUUSD pair is about to start a short trade. The price has been consolidating for the past few days, and the indicators are starting to turn bearish. The RSI has fallen below 50, and the MACD has crossed below the signal line. The price is also approaching the support level at 1890. A break below this level would confirm the short trade setup.
Note
I'm Learning and it's not any financial advice this is just an idea, ALSO Correct me if my analysis is wrong..
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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.