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Wednesday, November 03, 2021

DownTrend Channel on XAUUSD

DownTrend Channel on XAUUSD


Pull back is occuring on XAUUSD in a downtrend channel . As we are at a key level (1775), the price may drop before continuing its correction to the top of the downtrend channel , or continue dropping if the bulls are not present. As EURUSD is more or less ranging, and as gold is correlated to this forex pair, indecise movements can also be observed.

from TradingView Ideas
via gqrds

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