XAUUSD Still bearish on a Channel Down.

Gold / XAUUSD entered a Channel Down on the 1hour timeframe forming today a Death Cross.

This is the first 1hour Death Cross since December 16th when Gold was again inside a Channel Down.

That Channel Down had symmetrical bearish waves of -3.00% each.

We expect the current one to show the same attributes, thus the bearish wave that just started on the Death Cross should be -2.30%.

Sell and target 2865.

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