已更新

GOLD IS AT THE SELLERS AREA, DROPS EXPECTED !

XAUUSD is now at the resistance area of the Ascending Channel.
From the past couple of days, the market respected the resistance trendline.

XAUUSD solid gain on Monday on extremely low trading volume ahead of the holiday season, with lingering concerns about the health of major global economies driving demand for the precious metal.

This is a holiday season, so we can expect a weakening of the trend.
So sellers may be entering in this area, If the buyers are able to break this trend line, then we can expect an ATH on the XAUUSD.

XAUUSD D1

For Entry Reason, I was waiting for any kind of pinbar, Shooting star or any reversal candlesticks pattern in H1.

Stoploss would be 1 ATR from the swing High.
Target 1480.23

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