Monesta

SELL Setup for GOLD

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last week we could see a nice pullback at price 1810, then we confirmed the falling channel and create a new weekly resist. From higher timeframe we are still bearish but we can expect a pullback into the zone of liquidity with high volume 1770 before create lower lows. This setup is not confirmed yet, it's just our point of view. We have to wait for retest, before ENTRY for SELL.

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