XAUUSD Gold Setting up for another breakdown
Updated
Hi there,
Gold is falling slowly slowly and setting up for another breakdown.
As long as Gold keep forming correction for downside stay bearish. Sharp breakup the bearish trend line will let the next bullish impulse to start.
As long as fundamentals keeps getting better stay short. If US and China Trade War get worse then Gold can breakup for next impulse. We are having FED rate decision next week Watch Gold to break lower during that or Gold to break lower on 15 DECEMBER Tariffs delay.
Good Luck
Trade with Care
Gold is falling slowly slowly and setting up for another breakdown.
As long as Gold keep forming correction for downside stay bearish. Sharp breakup the bearish trend line will let the next bullish impulse to start.
As long as fundamentals keeps getting better stay short. If US and China Trade War get worse then Gold can breakup for next impulse. We are having FED rate decision next week Watch Gold to break lower during that or Gold to break lower on 15 DECEMBER Tariffs delay.
Good Luck
Trade with Care
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Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
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