XAUUSD 1 Day chart triangle

١٦ نوفمبر ٢٠٢١

This is what I see on XAUUSD 1D chart. If Gold follows the triangle (which was the gold trend respected for more than a year now), there will be a big probability to reverse the trend and make a bearish market for gold. Hope this will help some of you to take long term short trade decision.

PS: RSI and Stochastic indicators also show an overbought market, (which supports our idea)!

#DYOR