MacDannie01

Sell opportunity on GOLD/XAUUSD

Short
MacDannie01 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we can see gold has been on a downtrend for the longest time, we broke the region that we currently on but price came back into a buying movement.
However price failed to establish itself above the 1920 region, and for that reason I think that the presence of buyers in the GOLD market is weak, expecting sells to the downside
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.