parthpatel711

parthpatel711

Points to consider for Sell Set up: Price has broken downwards from the DAILY BEARISH FLAG PATTERN. Price is currently retesting the break of the flag pattern and also the daily Break of Structure (BOS) price region/zone, which is also Golden zone of Daily Fib Retracement (61.8% to 78.6%) Price Rejection is observed on the Higher Time Frame (HTF) Inverted...

parthpatel711

Gold has been in moving in a downward channel in the higher time frame and there is a potential sell set up lining up for the coming week or two. Our reasons for potential further downside move for XAU/USD are as follows:- - Key monthly resistance level - Pinbar on the 8H and 1D time frames - Visible down trend - Rejection from 50% Fib Retracement