Gold
Short

GOLD(XAUUSD): Bearish Trend Will Resume Soon

206
GOLD appears to be bearish on an intraday chart following the violation of a key support zone.

The broken structure and descending channel resistance line now indicate a tightening supply area.

A significant bearish movement is likely to follow. The next support level is at 3249.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.