Doomprophet

gold condemned to fall ?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
as we see from four hour chart , gold has break its ascending channel and now is in the descending channel that has detested to its top .
also from the daily and one hour chart we see the gold has admited to place under the ichimuko cloud and its first target for falling is fibo 0.5 level (1892) . only if it can break its descending channel strongly then we can think about the long signals .
i hope it was useful .
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.