XAUUSD 1D Diagram Technical Analysis shows the following:
The XAUUSD seems to follow an ascending triangle pattern. Today it declines below the resistance line of this triangle. The candlestick until now is engulfing the previous one.
The cloud is a strong resistance for farther decline. On the upside it has to break the triangle.
Short for the cloud @1125 / SL 1165.
The XAUUSD seems to follow an ascending triangle pattern. Today it declines below the resistance line of this triangle. The candlestick until now is engulfing the previous one.
The cloud is a strong resistance for farther decline. On the upside it has to break the triangle.
Short for the cloud @1125 / SL 1165.