Hi everyone, this is my idea on XAU/USD. As we can see here gold recently got rejected at the top of a descending channel so what we can expect is probably hitting the low of the channel and then back up to the top. We would only want to go long if it breaks out higher in the downward channel and vice versa going short if it breaks down of the descending channel. Good luck all!
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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.