Trendline breach in XAUUSD
XAUUSD gave a daily closing below an ascending trendline prevailing since July. Apparently, it's bearish signal providing a sell opportunity in the pair. Additionally, it has a pierced a major support at 1480, suggesting a pullback in gold. So, sell trade can be placed.
Sell: Below 1471
Target : 1418.67
Stop Loss: 1485.92
Sell: Below 1471
Target : 1418.67
Stop Loss: 1485.92
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Disclaimer
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.