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kaotic363

Gold still in downtrend channel. Targets $1700..

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
kaotic363  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis XAUUSD GC1! (Gold Futures) GLD xauusdshort xauusdanalysis
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trendanalysis chartpattern fundamental xauusd gc1! gld xauusdshort xauusdanalysis
Gold had a nice rally in recent weeks but has faced major resistance and selling pressure at $1950-60 range again along with a downside break of the recent trendline.

Along with a breakout in US interest rate yields and an unstoppable rally in equities, the dog days for gold seem to be coming around again now.

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