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TheRavensForex

GOLD Weekly Sell - yearly high, daily pinbar, 4hr rail candles

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
TheRavensForex Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis XAUUSD Gold
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trendanalysis chartpattern waveanalysis xauusd gold
Gold recently hit its yearly high with strong buying volume, but with a lack of consolidation. A 4hr bearish rail candle and daily pinbar suggest a short-term selling trend, possibly leading to a retracement to the previous support level.
Comment:
Gold is dealing with the major rejection in order to push further down
snapshot
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