ITFX_Trading

Gold is getting ready to go down

Short
ITFX_Trading Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price is moving towards the top of a weekly ascending channel and it has the potential to reverse to the downside.

It has been stuck in the same range for the past week, between the following levels: 1510, 1501, 1496.5, 1492.3

I believe that it will go down next week, it just needs to break past 1492.

How low will it go?
Trade active:
Entered a sell at the top of the trend line.

@ 153.90.

SL 156.90

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