Gold Spot / U.S. DollarUpdated XAUUSD Short term bearish
As i see in the chart, the was a bullish leg before the triangle breakout and i drew another leg excactly the same height as the last one. because last candle was a doji shaped and latest candle is closing like a pin bar and we are far away from Moving Average, I think there might be a short term bearish trend on Gold , unless today's candle doesn't close as a pin bar. or 1 other think that cancels this scenario is that tommorow's candle closes above high of last 3 candle and form an Engulfing Candle.
Note
15th of November closed like a pinbar and 16th of November couldn't close above high of all the 3 candles before, and 17th of November experienced a Higher Low :)
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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.