melikatrader94

GOLD → in a descending channel

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
hello guys...

as you can see the descending channel formed and the flip area is in front of the price!

the price touched the middle line of the channel as well!

I believe you can enter the position after retracement! the target could be 2226$!

the flip area is a great area for getting long positions too!

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Comment:
it has started the downward movement from a higher level

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