AlkalineFX

GOLD/XAUUSD - Buying Tease

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD provided us with classic manipulation, we saw a break of the descending channel and structure luring buyers to get involved, as soon as the trap was set we saw a huge plummet in price wiping out retail. We are now trading within the descending channel again, this could suggest further downside now that banks have gathered liquidity.

Comments

Yes I agree. Lets see how this plays out now.
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