Gold (XAUUSD): Important Breakout & What is Next 🟡
Hey traders,
Gold broke and closed below a key weekly demand cluster.
That violation is a very strong bearish trigger and it will push the market much lower.
Zooming in the chart, I spotted a falling parallel channel.
I suppose that the price will keep falling within its boundaries.
Next supports: 1600 / 1550
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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.