Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD Has break the parallel channel now and also have retested it, but still gold is running at a support area that's level is 2887/2882, so it is possible that XAUUSD can break this level and move further short.. That's Why Today I have decided to go for short cause it has break the channel and now it is possible that XAUUSD can fall from this level and reach to the first target around 2860 and second target 2840.. These targets work also as support areas.. I Have also given a short position in the chart...
KEY POINTS:
CURRENT PRICE 2887
SUPPORT AREA 2887/2882
TARGETS:
1st TARGET 2860
2nd TARGET 2840
CANCEL TRADE 2912