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GOLD (XAUUSD): Bearish Scenario For Next Week Explained 🥇
Gold Spot / U.S. Dollar
Short
GOLD (XAUUSD): Bearish Scenario For Next Week Explained 🥇
By VasilyTrader
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Updated
Nov 1, 2021
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Oct 30, 2021
Hey traders,
After a 1-month long correctional movement within a bearish flag pattern,
on Friday the price finally broke and closed below its support.
A double top formation with a lower high and its neckline breakout increase the chances of a further decline next week.
I will expect a drop to 1763 / 1750 levels.
Good luck & have a great weekend, traders!
❤️Please, support this idea with like and comment!❤️
Nov 1, 2021
Note
Check my new idea on GBPAUD:
Double Top or Bottom
Flag
futures
Gold
goldidea
goldtrading
Parallel Channel
Silver
XAG USD ( Silver / US Dollar)
XAUUSD
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