"Gold (XAUUSD) on the 4H timeframe has broken below the ascending trendline and is currently in the process of retesting the previous support, now turned resistance. If the retest holds, further downside is expected towards the 3123 level, as marked on the chart. Ichimoku Cloud also shows a bearish outlook, supporting the potential drop. Traders should watch price action closely around the retest zone for confirmation."
This is not financial advice .
This is not financial advice .
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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.