Open trading account 
Hello my dear fellow community members,
The XAUUSD has broken below from a rising trendline. The price has already fallen by more than 30 USD. A pullback is anticipated to sell it again. Here is the chart showing the setup.
GOLD DAILY CHART
From the chart above we can see that
I am looking for pullback to enter SHORT.
Any comments or suggestions about the setup are welcome.
Happy trading.
The XAUUSD has broken below from a rising trendline. The price has already fallen by more than 30 USD. A pullback is anticipated to sell it again. Here is the chart showing the setup.
GOLD DAILY CHART
From the chart above we can see that
- MACD is positive and falling and histogram suggests further weakness.
- RSI is trending downward.
- Stochastics is against our sell entry. So I shall be cautious.
I am looking for pullback to enter SHORT.
Any comments or suggestions about the setup are welcome.
Happy trading.
