GOLD (XAUUSD): Have You Seen This BEAR MOVE?! What is Next 🥇
Updated
Hey traders,
I guess we all were surprised how the price dropped yesterday.
With NPF Gold lost almost 2,5%.
What's now?
Ahead, a key structure support and summer's low.
1750 - 1760 is a demand area.
I will look for an intraday confirmation within that zone to buy catching a pullback.
What is confirmation?
To me, confirmation is a reversal pattern (h&s/double bottom/triangle/wedge)
being formed within an underlined zone and its neckline breakout.
Closest support for target - 1787.
Alternatively, if you are looking for shorting opportunities,
consider a bearish breakout (daily candle close below) of an underlined yellow structure.
It will push the market to lower structure levels.
Have a great weekend!
❤️Please, support this idea with a like and comment!❤️
Comment
Check my new idea on EURUSD: 
✅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.