Gold was contracting for quite a while within an ascending triangle formation.
However, now we see some bearish clues:
The last hourly candle closed below the triangle's support and for us, it is a very strong intraday bearish signal.
Now the price may drop lower to retest 1811 local structure low
and then drop even lower to 1806 next support.
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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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.