Possible XAUUSD Short Trade

FX:XAUUSD   Gold Spot / U.S. Dollar
There is a possible correction looming, both RSI and Stochastic showing bearish divergence. There is some resistance at this level with it being testing it 4 times, we are now at the apex of an ascending triangle . The target projected from the triangle measurement is just above the 38.2% FIB level, this are should provide support to a move down before possibly moving back up to retest resistance.
Comment: Price did not break below the trendline and has now broken to the upside so the triangle analysis is no longer valid.


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