


RobynHouston
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Joined Mar 30, 2020
audusd
audusdshort
gold
indicator
trendanalysis
xauusd
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AUDUSD Bullish momentum is slowly weakening and the candles with wicks at the top indicates that. If the trendline breaks, then the resumption of Bearish trend will be confirmed. AUDUSD may drop to 0.61, 0.60 and 0.56 again if the bearish trend resumes.
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In the daily chart, Gold is unable to break the 1630 resistance and there are multiple rejections. So, I think it is a good idea to sell gold at CMP and target the 1550 area as TP. If 1550 breaks, then 1450 is also possible.
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