Signal_Centre
Short

Gold - Trading in a corrective channel, sell rallies

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold is Bearish - We look to Sell at 1746.70

▪️ Trading within a Corrective Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 1746.28 from 1754.16 to 1717.35.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1746.70, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 1755
Target1: 1717.50
Target2: 1700
FREE Telegram Group - https://t.me/SCFree
Premium Membership - https://bit.ly/2W7OAxp

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out