XAU/AUD – Week 48 – Shorts gaining momentum?
Hello traders,
Today we are looking at a short setup for XAU/AUD. At the moment we find ourselves in a corrective wave for the previous bearish impulse. This means that the next move should be towards the downside and has the potential to reach the confluence between the support level and the blue Daily trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Today we are looking at a short setup for XAU/AUD. At the moment we find ourselves in a corrective wave for the previous bearish impulse. This means that the next move should be towards the downside and has the potential to reach the confluence between the support level and the blue Daily trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
