BWSTRADES

Gold and the cup handle formation

Short
BWSTRADES Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Current trend= Bearish
Short - Mid term trend= Bearish
Long term trend+ bullish
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1D structure=Bearish channel
All time structure= fully formed cup, Handle in progress
Death cross on EMA
potential short profits
multiples supports broken
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Bears target= $1650-$1550
Bulls target= $3000

Comment:
Resistance retested, Next stop: 1640 support
Trade active:
New positions added
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