Gold Spot / U.S. Dollar
Short

GOLD (XAUUSD): Updated Market Structure Analysis

3 560
https://tradingview.sweetlogin.com/x/EKu1fztW/

Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.

The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.

The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.

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