Hello to all watching my charts
Today we will have a look at Gold in USD = XAUUSD
It breaks the resistance
1396
2.7. to Higher Prices for a long position and it
breaks the support
1423
3.7. to Lower prices for a postion in short
The bulls tried to take out 1423 resistance again on 5.7.
but they failed - short sill the way to go.
Since them the direction short has rapidly get in th way so to say
My shorttime channelsystem (purple lines ) show them very clear
and the midterm channel (BLUE LINES) is also short.
At the moment no chance for a long position
if we do not see a higher high and a high low at first
and ! a change of my shortchannel (Purple) from short to long
Good trades
If you wanto to support my work and my charts please like them
Renkotrde
Today we will have a look at Gold in USD = XAUUSD
It breaks the resistance
1396
2.7. to Higher Prices for a long position and it
breaks the support
1423
3.7. to Lower prices for a postion in short
The bulls tried to take out 1423 resistance again on 5.7.
but they failed - short sill the way to go.
Since them the direction short has rapidly get in th way so to say
My shorttime channelsystem (purple lines ) show them very clear
and the midterm channel (BLUE LINES) is also short.
At the moment no chance for a long position
if we do not see a higher high and a high low at first
and ! a change of my shortchannel (Purple) from short to long
Good trades
If you wanto to support my work and my charts please like them
Renkotrde