XAUUSD_Bearish Channel

27 มี.ค. 2018

Will this Bearish Channel hold or will price break above to break the inverted head and shoulder neckline I mentioned in my previous XAUUSD_Bullish Long Term overview idea I published yesterday, this is a zoomed in version of the chart, this channel is visible on that published idea too. This channel was formed from the 2018/01/25 high (1366.00), and the 2018/02/08 low (1306.00). A clean sell off was seen at the 1355-6 level at London open this morning, bouncing right of the bearish channel resistance indicating a strong rejection of that resistance level.