XAU in Bearish Channel |23 April 2020

In the long term, there's a trendline pullback in forming, which indicates possible retracement. In the short term, we found a bearish channel and price is touching the upper band of the channel, indicating a good time to sell ! We use fibonacci retracement , graphcial levels to find our levels. A bit of fundamentals as well for the trade direction.

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Trade ativo:

Price pulled back to our entry as expected, we are in the trade now .