XAUUSD | Rejected by Ichi Cloud

Please support this idea with LIKE if you find it useful.

Price was rejected by Ichi Cloud resistance zone. So we can expect a further retracement and initiate a short position. In case the mid line of the descending channel is broken we can also initiate a short position

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.