XAUUSD Sell signal inside the Channel Down
Gold crossed under both the 4hour MA50 and the RSI's MA, which has been a strong signal since the start of June.
During that time the price has been trading inside a Channel Down.
Sell on this confirmed signal and target 1920 which will make a new Lower Low.
This pattern gets invalidated only if the price crosses over Resistance A.
In that case target first the 4hour MA200 at 1975 and then Resistance B (1985.50) in extension.
Follow us, like the idea and leave a comment below!!
During that time the price has been trading inside a Channel Down.
Sell on this confirmed signal and target 1920 which will make a new Lower Low.
This pattern gets invalidated only if the price crosses over Resistance A.
In that case target first the 4hour MA200 at 1975 and then Resistance B (1985.50) in extension.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon