Get started
asharifan

Gold price has respected top of its short time downtrend chanel

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
asharifan  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Moving Averages Support and Resistance
3
0
trendanalysis movingaverage supportandresistance
MA 20 and MA 50 has been touched by gold price in Daily timeframe. This happened just below the top of its downtrend channel.
In the other hand , we have up trend signal for USD index.
I think we will have a nice pinbar in top of channel and we can have downtrend for Gold at 1st to MA100.

Related Ideas

asharifan
Do Not be in a Hurry! the short-term downtrend line isnt broken!
asharifan
Short-time downtrend and long-term uptrend is still working
asharifan
Gold price is trying to brake a downtrend in a strong S/R zone
asharifan
We have 3 zones to scan for a nice buying entry
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.