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Xauusd sell

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Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal.

Gold confirm signal
Gold now sell 2629
Target 2580

From a technical perspective, the recent recovery from a one-month low, along an ascending channel, constitutes the formation of a bearish flag pattern on hourly charts. Moreover, oscillators on the daily chart remain in negative territory, suggesting that the path of least resistance for the Gold price is downward. That said, it will still be prudent to wait for a convincing break below the channel support, currently pegged around the $2,605-$2,600 area, before positioning for any further depreciating move.

Xauusd sell signal

交易开始

Gold sell 20 pips running
Confirm sell sell signal
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交易结束：到达目标

Gold sell 40 pips running

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Confirm signal

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Gold sell 50 pips done 👍

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Gold sell 60 pips done