xauusd continues to downward movement

12 feb 2023

hello guys...

it is a high probability that xauusd will form a three-drive pattern to the green area.

but besides this probability, this commodity broke down ascending channel and it will continue a bearish trend as well.

don't let divergence in the rsi indicator tricks you, it is so common if divergence happens 3-5 times!

two places that I show on the chart are so perfect for getting short positions until reach the green area!

for a higher time frame reference look at this analysis:
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always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
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15 feb 2023

Trade chiuso: obiettivo raggiunto