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Gold Spot / U.S. Dollar
Long

XAUUSD | Bearish Sentiment

By zain425
Updated
The XAU/USD chart is forming a parallel channel and making new higher highs and higher lows according to Dow Theory and pattern analysis. On a higher time frame, the structure of GOLD is bullish. However, on a lower time frame, we can expect a slight downside move to sweep out liquidity before the upside rally begins. Fundamentally, the outlook for gold is bullish.
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TP 2 hit
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Chart PatternsforexsignalsFundamental AnalysisgoldforecastgoldforecastodaygoldshortTechnical AnalysisTrend AnalysisXAUUSDxauusdshort
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