Mian gee trading journal
the gold will be next downward you want to say that first it make an down rend and then for the bull candles but i fully agreed that it only for the bearish now and move downward because all the trend line and RSI and the Fibonacci indicators confirm strategy of the sell trade for the gold and thats why it will move down the xau usd and that gold have the same prices movement and 0.000% no difference between them ....
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Gold an upside break of $1,719/20 will trigger the fresh run-up towards April 16 top surrounding $1,739.the precious metal’s rise past-$1,739 will need a sustained break above $1,748 to challenge late-2012 high near $1,796.the aforementioned support line and 50% Fibonacci retracement of April 14-21 declines, close to $1,704, becomes the key for sellers as a break of which could recall the weekly low near $1,660.
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Wish you all the best for your trading dear.
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