XAUUSD Break and Retest with short trade!
Goodmorning Traders,
In this analysis, I am observing that gold is showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, I see evidence of decreasing swing highs and swing lows. Additionally, we have finally received confirmation of the break of the swing low, followed by a re-test of the midline of the channel. After a week of mixed data for the dollar between the PPI and the CPI, it is now time for selling. Gold is poised to return to levels not seen in months, around 1880-1900.
Feel free to comment and leave a like to support our work. Happy trading to everyone.
In this analysis, I am observing that gold is showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, I see evidence of decreasing swing highs and swing lows. Additionally, we have finally received confirmation of the break of the swing low, followed by a re-test of the midline of the channel. After a week of mixed data for the dollar between the PPI and the CPI, it is now time for selling. Gold is poised to return to levels not seen in months, around 1880-1900.
Feel free to comment and leave a like to support our work. Happy trading to everyone.
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📚 FREE Course: forex-48.com/free-education
🤑 FREE Signals & Setups: t.me/Forex48TradingAcademy
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