GOLD (XAUUSD): Bearish Scenario Explained (2 Options) 🥇
Updated
Hey traders,
Very important thing happened with Gold this week:
the price broke and closed below a major rising trend line,
moreover, the market set a new lower low lower close on a daily starting a local bearish trend.
Now the broken trend line turned into resistance.
The area between a broken trend line and the current market high serves as a sell zone.
From there a bearish continuation will be expected.
I will be on the conservative side and will wait until the price retests the trend line for a safer entry.
However, more aggressive trading also can be an option.
Goal for sellers - 1816
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