Gold XAUUSD bearish scenario ...
price trapped in a falling channel shape in 4h chart
I drew a mid-channel trend line that price had been showing reaction to it since it fall into this channel
now we have a powerful resistance zone created by the trend line I mentioned above and fib retracement numbers above our price that prices is hitting now
if we manage to keep this resistance zone , we can have a good bearish rally below the channel supporting line
THIS IS JUST AN ANALYSIS...
I drew a mid-channel trend line that price had been showing reaction to it since it fall into this channel
now we have a powerful resistance zone created by the trend line I mentioned above and fib retracement numbers above our price that prices is hitting now
if we manage to keep this resistance zone , we can have a good bearish rally below the channel supporting line
THIS IS JUST AN ANALYSIS...
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