XAUUSD - OLD CLASSIC VIEW - POSSIBLE SHORT TRADE PLAN
XAUUSD is trading globally inside a rising parallel channel. It tested the top border of this channel. On H4 it formed what seem to be a falling parallel channel while playing inside a global bullish channel. If this channel holds on H4 and the price rejects from it's borders, I'll be looking for short term short trades. If the channel gets broken, it will be a confirmation of a bullish trend.
Please do your own analysis before placing any trades.
Cheers and happy trading !!!!
Please do your own analysis before placing any trades.
Cheers and happy trading !!!!
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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.