XAUUSD Sell Signal. Pull back and possible monthly consolidation
Pattern: 1D Channel Up.
Signal: Bearish.
Target: 1310.
The price is getting closer to the 1M Resistance at 1365. Last time this level was tested, Gold consolidated inside 1300 - 1365 for 3 months. See how perfectly the Fibonacci levels (on yesterday's top) align with the horizontal price action and the Higher Lows of the 1D Channel Up.
Signal: Bearish.
Target: 1310.
The price is getting closer to the 1M Resistance at 1365. Last time this level was tested, Gold consolidated inside 1300 - 1365 for 3 months. See how perfectly the Fibonacci levels (on yesterday's top) align with the horizontal price action and the Higher Lows of the 1D Channel Up.
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