XAUUSD: Channel Down looking for a new low. for FX_IDC:XAUUSD by InvestingScope
TradingView idea: XAUUSD: Channel Down looking for a new low. for FX_IDC:XAUUSD by InvestingScope TradingView symbol: XAUUSD Gold has turned bearish on its 1D technical outlook (RSI = 40.494, MACD = -38.770, ADX = 29.176) as it got rejected on its 4H MA50. The pattern is a 6 week Channel Down, already on its 2nd bearish wave. Aim for a -7.91% decline as the one prior (TP = 4,400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##