SELL XAU/USD

7 мая 2021 г.

After looking at XAUUSD, I see a potential for it to retrace back down to 1794 levels, this is supported by the following points:

• 5min Resistance that has formed
  
• The candles have hit the resistance of the upwards channel and failing to break above it.
  
• The Relative strength index of 30min Upwards is overbought, we have to go down now
  

If planning to take this trade Goodluck and keep a tight stop-loss just above the resistance