XAUUSD Sell signal inside the Channel Down

Gold crossed under both the 4hour MA50 and the RSI's MA, which has been a strong signal since the start of June.

During that time the price has been trading inside a Channel Down.

Sell on this confirmed signal and target 1920 which will make a new Lower Low.

This pattern gets invalidated only if the price crosses over Resistance A.

In that case target first the 4hour MA200 at 1975 and then Resistance B (1985.50) in extension.


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