In May we spotted a triple top pattern forming and we knew we'd be selling for a while, since then the metal has been selling and it has created a descending channel which can be spotted on the 4hr and 1D time frames.. On Friday the Metal reached the top of the descending channel which acts as our resistance zone, we should be expecting more short orders after...
Good morning Traders we actually have 2 scenario's on the #XAUUSD/GOLD CHART.
Scenario 1:if the price break the resistance zone of 1940, then we can expect to buy till 1960.00 & 1980.00.
Scenario 2: if the price again respects the resistance area then we can expect to continue selling from 1938.00 & 1940.00. Targeting for:- 1925.00 / 1903.00.
On the 4hr chart,...
