Two reasons to be bearish on XAUUSD at the moment:
1- Triangle breakout on small time frames.
2- Death cross signal almost there on daily chart (50 and 20 SMAs almost crossing above each other).
In my opinion, with the dollar index almost confirming an inverse head and shoulders pattern, the yellow metal has more room to fall than rise.
Good luck
1- Triangle breakout on small time frames.
2- Death cross signal almost there on daily chart (50 and 20 SMAs almost crossing above each other).
In my opinion, with the dollar index almost confirming an inverse head and shoulders pattern, the yellow metal has more room to fall than rise.
Good luck
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading