TrueChampionMindset

XAUUSD Technical Analysis 20201123

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
Take at your own risk:

Gold has officially broken through the 1860 Support.

Gold is now in a downtrend in 4H as it has formed a LL and LH in 4H TF.

Daily TF is showing a potential Supply & Demand Area between 1818 and 1875 where Volume Traders and Institutional Traders might come in.

4H TF is showing Divergence in MACD.
Comment:
Correction: Daily TF is showing a potential Supply & Demand Area between 1818 and 1795
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