XAU/USD Descending channel?

Hello friends

In the monthly time frame, according to the divergence and bearish candlestick after the Spinning Top candlestick,
I see a downward trend

And on the weekly time frame, after the Shooting Star candle, a bearish candle has formed (although not very strong).

And by examining the smaller time frames, I expect the downward trend to continue (of course, I think the price will have a pullback before that).

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Trade stängt: målet nått:

The target was touched

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Kommentera:

The price is in the range area
And I expect the price to play in this area for a while
Therefore, I open a short-term position, until I am sure of the direction of the trend

Be profitable

Trade stängt: målet nått:

The target was touched

*Be profitable