GOLD (XAUUSD): Will It Go LOWER?
We witnessed 2 significant bearish breakouts on 📉Gold on intraday/daily chart
Initially, the price broke through a crucial daily horizontal support level. Additionally, the market closed below a significant upward trend line.
The violation of the horizontal and vertical structures now form a widening supply zone.
It is recommended to consider shorting from this area, with the anticipation of a continued bearish trend towards 2720.
Initially, the price broke through a crucial daily horizontal support level. Additionally, the market closed below a significant upward trend line.
The violation of the horizontal and vertical structures now form a widening supply zone.
It is recommended to consider shorting from this area, with the anticipation of a continued bearish trend towards 2720.
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