On Tuesday's analysis I said that Gold is entering sell zone and after a high of 1815, XauUsd has started to roll back under 1800 important figure.
Yesterday we have a lower high at 1810 and, again, the yellow metal had dropped.
At this moment the ascending trendline is broken and Gold is facing 1800 psychological support and a clear break here would expose 1790 horizontal support.
I expect Gold to be bearish in the next few days and 1750 to be challenged again.
Only a daily close above 1815 would delay this scenario
Yesterday we have a lower high at 1810 and, again, the yellow metal had dropped.
At this moment the ascending trendline is broken and Gold is facing 1800 psychological support and a clear break here would expose 1790 horizontal support.
I expect Gold to be bearish in the next few days and 1750 to be challenged again.
Only a daily close above 1815 would delay this scenario
Note
The things become pretty clearStrong reversal today
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.