XAU|USD SHORT

11 Jun 2019

MN TIMEFRAME - when looking at the monthly time frame you can see a clear false breakout, which has again been replicated, the strong resistance at 1342, was showing reversal signs and failed to breakout beyond this point. W1 TIMEFRAME - on the weekly timeframe you can again see similar correlation, a very similar pattern forming and has taken place. D1 - the daily timeframe is probably most clear for the signs of gold, the typical tweezers trying to breakout, and failing at our key levels. SUMMARY