GOLD/USD Technical Analysis
Gold has reached 1900 a major resistance area as well as the bearish trendline resistance so we should expect a downward movement here take profit around 1850 and if passed that level and break the minor bullish trend we can expect the bearish trend to continue.
Trade closed manually
As Gold comes close to the minor bullish trend it will be wise to take profit around 1860 and watch if this will be a support or will the bearish trend channel continue for another short option.
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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.