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SELL XAU/USD

XAU/USD(GOLD) has seen a movement in the upwards direction over the last week and to my analysis of a downtrend (trend) it has reached a point of resistance which it may decline and continue over with its downtrend movements, it has to decline the area in order for it to be a proven reversal here are the key things I checked
  • It's in a downtrend

  • It took last week, moving in an opposite direction from what its trend says

  • It has touched the trendline
  • The MACD seems to be moving closer together so it can officially cross

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