XAUUSD WILL GO FOR SHORT IN PARALLEL CHANNEL NOW

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Hello Followers I am going to publish technical setup of XAUUSD , So share your opinion in comments about my analysis.

XAUUSD will move for short cause it is respecting the parallel channel very well and now it has touched the resistance and started falling down. According to me XAUUSD will move till the first target around 2804 and if break this then will reach to the 2786 cause this is 0.618 level of FIB RETRACEMENT. Otherwise I have given a pivot area also for reversal of XAUUSD..

KEY POINTS:

CURRENT PRICE 2817
RESISTANCE AREA 2820.200/2827.200
PIVOT AREA 2830

TARGETS:

FIRST TARGET 2804
SECOND TARGET 2786

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