UnknownUnicorn15614419

GOLD: recovery in jeopardy

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
And so, the instrument was able to grow over Monday, but this recovery is under threat. The price is moving in a downtrend channel. Being at the resistance line of this channel, GOLD runs the risk of returning to 1770, and then continuing on its way to 1750.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.